Business

Cryptocurrency

Cryptocurrency or crypto for short is a digital asset designed to work as a medium of exchange .

wherein individual coin ownership records are stored in a ledger existing in a form of computerized database using strong cryptography to secure transaction records.

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Cryptocurrency is a potentially great digital asset for investment.

It is a digital currency that can be used to buy goods and services but uses an online ledger with strong cryptography to secure online transactions.

You can transfer any of it e.g bitcoin to someone online without a go-between like a bank.

People do use cryptocurrencies for quick payments and to avoid transaction fees.

In investing in cryptocurrency, invest no more than 10% of your portfolio in individual stocks or risky assets like Bitcoin.

Investing in it  is one way people are using to get rich. You have to research and analyse every coin to make the decision that brings you fortune.

In some countries like China, Russia and Bolivia the use of cryptocurrency is prohibited but in others like the United States and Canada, it is perfectly acceptable.

One of the major way in earning money from cryptocurrency is that most of the investors buy coins such as bitcoin, Litecoin, Ethereum and ripple among others then wait until their value rises once their market price rises they then sell them at a profit.

It offers the volatility that leads to consistently unrivalled returns with very few downsides, especially when aided by external tools that analyse markets and trends.

Best cryptocurrency to buy

1. Bitcoin (BTC)

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2. Bitcoin Cash (BCH)

3. Litecoin (LTC)

4. Ethereum (ETH)

5.Binance Coin (BNB)

6. Chain link (LINK)

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It is one of the riskier investment choices out there according to consumer report.

Through blockchain job, affiliate marketing, bounties, mining and skating e.t.c cryptocurrency can be gotten for free.

It  was created by Satoshi Nakamoto and as at May 2018, over 1,800 cryptocurrency specification existed.

How to earn cryptocurrency

1. Accept it as payment.

2. Buy the online coins.

3. Join several airdrops and earn.

4. Promote projects through microtasks.

5. Earn by staking.

6. Referral.

7. Dividends.

Companies that uses cryptocurrency

1. Wikipedia

2. Microsoft

3.KFC

4. Subway

5. Overstock

6. Twitch

Bitcoin(BTC) expanded currency into the digital space of the internet a decade ago, since then it has been the most popular cryptocurrency in the world. It allows instant payment to anyone anywhere.

Deutsche Bank predicted that cryptocurrency will grow 4 times in the next ten years reaching 200 million.



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