August 15, 2018

Getting to know cryptocurrency

\Cryptocurrency has been rather popular lately in both the computing technology and financial sectors. Although it has been established for quite a number of years, there are still people who are uncertain of what cryptocurrency offers. Cryptocurrency is the fundamentals of digital currency that implements encryption to generate money and verify transactions. All these digital transactions are added to a public ledger which is also known as the Transaction Blockchain. At the same time, new coins can be generated through a process called mining. Decentralised digital currency can be traced as far back as 1998 and 2005.

However, it was never implemented. Modern digital currency as we seen today formerly started in 2008 by an anonymous figure Satoshi Nakamoto as they have released a paper detailing what would become Bitcoin. Ever since going public in 2009, Bitcoin has been the most widely used and known digital currency. There are also other cryptocurrencies which could second bitcoin such as Ethereum, Ripple, and Litecoin. As of January 2015, there were over 500 different cryptocurrencies in the market. However, it only has a market capitalization of over $10 million. Digital currencies boost its market by December 2017 with a total market capitalization of over $600 billion. These show that in a period of 2 years, it has expanded and exposed throughout the world mainly due to the ability of cloud mining which became the latest technology using cryptocurrency. Cloud mining platforms such as hashing24 have been widely used by the public as it incorporates cloud technology, making it easier for anyone around the world to invest and generate bitcoins.

Besides, experts have shared a hashing 24 review that explains the legitimacy of the cloud mining platform over the other platforms on the net. Hashing 24 or sometimes known as hash24 has been boosting its popularity as many websites are sharing reviews regarding it such as Bonus Cloud Mining on https://bonuscloudmining.com/reviews/hashing24-review/.