4 דקות קריאה
Cryptocurrency: Is It the Future of Money?

1. What is cryptocurrency?

A cryptocurrency (or "crypto") is a type of payment that can be sent around the world with no central monetary authority, such as a government or bank. Cryptocurrencies, on the other hand, are created using cryptographic techniques that allow people to buy, sell, and trade them safely.


Cryptocurrencies can buy and sell goods and services, but they are most commonly used as investment vehicles. Cryptocurrency is also an important part of the operation of some decentralized financial networks, where digital tokens serve as a transactional tool.


Bitcoin, the most popular cryptocurrency, has a history of price volatility. It reached an all-time high of over $65,000 in 2021 before reversing course.


(You can check the current price to buy Bitcoin here.)


2. How do I invest in cryptocurrency?

While some cryptocurrencies, such as Bitcoin, can be purchased with US dollars, others require bitcoins or another cryptocurrency to be purchased.


You'll need a "wallet" — an online app that can store your cryptocurrency — to buy cryptocurrencies. You open an account on a cryptocurrency exchange and then use real money to purchase cryptocurrencies like Bitcoin or Ethereum. 


3. What is the total number of cryptocurrencies? So, how much are they worth?

About 16,000 different cryptocurrencies are traded publicly, according to cex.io a market research website. And cryptocurrencies continue to proliferate. The total value of all cryptocurrencies on Dec. 23 2021, was about $2.3 trillion, having fallen off an all-time high above $2.9 trillion weeks earlier.


Cryptocurrencies with the highest market capitalization

According to cex.io, a cryptocurrency data and analytics provider, these are the top ten trading cryptocurrencies by market capitalization.

Cryptocurrency

Market Capitalization

Bitcoin

$923.2 billion

Ethereum

$470.6 billion

Binance Coin

$88.6 billion

Tether

$77.4 billion

Solana

$56 billion

XRP

$46.6 billion

Cardano

$46 billion

USD Coin

$42.4 billion

Terra

$34.1 billion

Avalanche

$29.3 billion


Data current as of 03.01. 2022


4. What is it about cryptocurrencies that make them so popular?

For a variety of reasons, people invest in cryptocurrencies. Here are a few of the most well-known:

  • Supporters see cryptocurrencies like Bitcoin as the currency of the future, and they're rushing to buy them before they become more valuable.

  • Some supporters like the fact that cryptocurrency removes central banks from managing the money supply, since over time these banks reduce the value of money via inflation.

  • Other supporters like the technology behind cryptocurrencies, called blockchain, because it’s a decentralized processing and recording system and can be more secure than traditional payment systems.

  • Some speculators favor cryptocurrencies because they are increasing in value, but they are unconcerned about the currencies' long-term acceptance as a means of money transfer.



Sign up for CEX.IO today and get a free $10 bonus!

CEX.IO is a leading cryptocurrency exchange that offers a wide range of features and services, including:

  • Buy, sell, and trade cryptocurrencies
  • Store your cryptocurrencies in a secure wallet
  • Use your cryptocurrencies to pay for goods and services


As a new customer, you can get a free $10 bonus when you sign up and verify your account. To claim your bonus, simply follow these steps:

  1. Click on the link below to sign up for CEX.IO.
  2. Enter your email address and create a password.
  3. Verify your email address.
  4. Make a deposit of at least $10.


Your bonus will be credited to your account within 24 hours.


Here are some of the benefits of signing up for CEX.IO:

  • A wide range of features and services
  • A secure and reliable platform
  • Competitive fees
  • A friendly and helpful customer support team


Click on the link below to sign up for CEX.IO today and get your free $10 bonus![Link to CEX.IO website]This is a limited-time offer, so don't miss out!


sign up for CEX.IO today and get your free $10 bonus!


The article was written by Amit Caesar and Bard


Here are some exciting new articles you don't want to miss! 

  1. Feeling Frosty: VR Cold Sensation Tech is Here
  2. What are cryptocurrency signals?
  3. What is Lucky Block?
  4. What is Decentraland? (MANA)
  5. What Is Somnium Space VR, and How Does It Work?
  6. What is DeFi?
  7. What is Ethereum and How To Buy it?
  8. Meta Quest 3: Everything you need to know
  9. Amazing products for your VR from Amazon
  10. The Best Accessories for Microsoft Flight Simulator
  11. Experience the future of sex with virtual reality and artificial intelligence
  12. Virtual Reality: A whole new world opens up to you on eBay
  13. How to Watch Netflix in VR: A Step-by-Step Guide



Here are the links to my social media pages:


Facebook: [link]

YouTube: [link]

LinkedIn: [link]

Twitter (x): [link]