What is cryptocurrency?
About Ethereum .

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Cryptocurrency is digital money. They differ from traditional ones in two major methods.
Independence. Cryptocurrencies are not linked to any type of present currency, oil price, or any other possessions.
Virtuality. Cryptocurrency exists only in the electronic area, kept in an electronic budget.
Cryptocurrency has no Main Bank-type regulator. The only problem of digital money is "mining" by individuals that run applications. For utilizing the sources ( computer system power) they are paid a particular quantity of virtual money. The extra powerful the computer, the much more "mining" there is.

To trade the cryptocurrency genuine money you can utilize the virtual solutions, exchangers such as Qiwi. ATM exchangers have actually just recently begun to work in Moscow.
What cryptocurrencies exist?
There are thousands of them. Yes, it all began with bitcoin, which showed up in 2009. The boom in the appeal of digital coins began three or four years later on. And also now there are about 300 type of cryptocurrencies traded on the biggest exchange.
Anyone advanced in technology, also a schoolboy, can create their very own cryptocurrency. And also this is not a metaphor: tech-savvy schoolchildren actually produce their own cryptocurrencies. Cryptocurrencies are written in much the same way that programs are created.

The "ready-made" digital coin requires to be put on an exchange for customers to buy it. And also preferably not just one exchange, yet lots: much like it is a lot more rewarding for a farmer to supply milk to 10 shops rather than just one store. And also the more people buy your cryptocurrency - the higher its rate will increase.


Why do you need cryptocurrency? What can I purchase with it?
Cryptocurrencies are purchased by people that want to make good cash from their growth. As an example, in 2014 bitcoin was worth $100, and then for a long time was maintained a cost no greater than $200, as well as currently it is worth more than $4.7 thousand.


Investors call buying cryptocurrencies the riskiest, but also one of the most rewarding kind of financial investment.

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