What is cryptocurrency? How can you get benefit financially? What is steemit?

So you maybe wondering what digital currency is? and alternatively how you can get financially benefit from it.
Another word for digital currency is cryptocurreny, its also Known as commodities.
Commodities are the form of payments or mode of exchange goods such as Gold, silver etc.
Now as you are considering about the cryptocurrency so you probably know about the Bitcoin or you at-least hurt about it.

To explain what digital currency is would take too long and the chances are you wouldn't understand even if i try.

So ill try to make you understand as simple as possible just think as the evolution of money just as we human evolve hundreds and thousands of years ago so as our Money.

For the hundreds of years human trade Goods for the pieces of gold, silver and browns then over a time we introduced paper money then off-course came to credit card or debit card, we then saw online payment systems like paypal been introduced the next step in this evolution of money is digital or cryptocurrency.

The first of which was bitcoin.
When it first arrived on the scene back in 2009.
The one bitcoin valued at just 10 cents as more were mined and ill explain that mining means shortly the value gradually increased at one time the one bitcoin value reached to 1100 dollars at 2014 and still value is now adays increasing day by day upto 2500 USD or more.
So those people who bought bitcoin when they were just 10cents made fortunes.

In fact one man who just bought 27 dollar worth of bitcoins and he forgot he had them.
then found out they were worth 886,000 dollars so then he bought for him self new luxury apartment.

Another man bought a pizza of 10,000 bitcoins so that pizza was more then 7million dollar at 2014 and today is much more then that. probably the most expansive in the world.

Now these stories of getting rich from bitcoin is very common so there are so many other stories of people who missed out.
Because they believed that some of the uneducated stories written online claiming bitcoin is a scam.
Well bitcoin is not a scam. Today the bitcoin is worth around 2700usd and has satellited down. Its set the standard and proof that digital currency can work globally.

There are now hundreds of digital currencies available and it is becoming more and more popular and there are over hundred thousand registered businesses across the US alone that accept digital currency as payment.Such as i include some of the names of some companies: Dell ,Amazon ,Expedia ,Subway ,Apple app-store , whole foods and most recently Microsoft.

Some of the business world champagnes invest some money on Digital currencies.
Bill Gates invested 400 million dollars in to digital currencies to help the ways to Microsoft also accept digital curreny as a payment.
Facebook owners invested over 10 million into cryptocurrency.
and Even Sir Richard branson recently payed over 600 million dollars in digital currency for the new plane virgin atlantic air ways.

Now the Richard branson saved over 15 million dollars Bank charges.
And now do you see that so many large businesses are moving to this new currency???

The truth is far safer and much more secure for people.
It is more cost efficient and it is not control by greedy banks and bank investorment makers whether you agree or disagree ,like it or don't like it .
Digital currency is here to stay and will soon be the major currency we all use to purchase products.

On earlier i wrote about mining digital currency so what does it that mean?
Like most people when you hear the word mining you automatically think of men underground with picks and shovels right?

Well it is nothing like that.

It is simply a group of computers running 24hrs aday working on special algorithms and it is the algorithms which been mined . (blockchain and algorithms ill explain those topics on my next blog) and these algorithms that create digital currencies that become valuable and so that is the simlest way to explain mining.

Now the Question that you have is! How can you get benefit financially?
After all the phase of buying cheap rate bitcoin and selling them for huge profits are gone are?
Well yes with bitcoin those days are gone forever it will never reach the daisy heights or maybe its goes but it really hard for the average person to buy one single bitcoin.

How ever there is a new digital currency where you can get financially benefit from and with the help of that currency you can even buy bitcoins as well and has its own trading value.
Well let me introduce to you steemit.

Steemit is a blockchain based media platform which build to empower people from all over the world steemit has many ways for the normal ordinary people to earn cryptocurrency and in steem people get reward you make creative posts ,blogs curating content as well as mining and trading and holding the currency and its very similar to other cryptocurrencies it pays contributors by creating new tokens at the set rate with pacifistic rules the technology that empowers steem is publicly democratic its ability to process thousands of actions per second which is more then enough capacity to handle several time
the activity of some popular social media platforms and such as reddit.

In social media applications steem rewards you with steems dollars and steem invoting powers 50/50 for posting and quarreling quality content for all over the internet. So steemit is the one application for this.
steems dollar is a cryptocurreny which you can use to buy or trade with it and so much more...
For more information you can go to www.steemit.io

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