Sometimes, crypto currency is called the main payment means of the near future. In some countries, the first digital currency bitcoin is officially accepted.

What is bitcoin, in general crypto currency? Where can it be used? How is it different from ordinary currency?

Crypto currency, which is a type of digital currency, is designed for electronic payment. The virtual money created on the Internet is not connected with the financial-currency system of any country.  

Currently, there are nearly 200 types of crypto currency, including bitcoin, etherium, bitcoin cash, litecoin. Bitcoin has the highest trade worth – it is more expensive than 7, 408 USD. The overall market capitalization of this kind of crypto currency is over 134 bln USD.

The volatility observed on the crypto currency market is connected with supply and demand. The fact that the production of the first crypto currency bitcoin is complicated and its number is limited has turned it into the gold of the Internet. The big number of technological opportunities crypto currency offers and the increasing growth of its value constantly raise the interest in this sector.

When it comes to the difference between banknotes and crypto currency, there is no need to go to a bank or pay commission in order to use crypto currency. It is possible to make currency exchange easily. The fluctuations in this sector are closely followed by those who want to obtain revenues. In turn, experts recommend to make investments only after thorough research.

Although experts consider virtual money the currency of the future, they find it hard to say which coin will be the most preferable one. The coins, which are today purchased for several cents, might bring big money to its users or vice versa…

Sadagat Suleyman