What You Need To Know About Cryptocurrency
A blog around crypto caps, cryptocurrency, etc.
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Crypto cap is a platform that provides you with the latest cryptocurrency news, bitcoin news today and all other updates from the world of cryptocurrencies.
We are aware that there is a lot of cryptocurrency news sites and blogs out there but what makes us different from them is that we not only publish the breaking news as it breaks, but we also go deeper to get to the root of every news story we publish.
We have 1000+ of registered users who use our website for daily crypto news. We have a very dedicated team who spend endless hours researching about different cryptos to give you best information possible.
The simple fact is that the world has changed and crypto has changed with it. Bitcoin, Ripple, Ethereum, Monero, Dogecoin, and many other digital currencies have become part of the lexicon of almost every household. Some have used this new money to make a fortune, while others have simply used them for legitimate transactions and investments.
The way people think about money itself has fundamentally changed as well. In just ten years’ time, people who don’t recognize the enormous benefits of crypto will be in the minority. But what exactly are these benefits? And how do they apply to you? That’s what we’re going to discuss today.
Cryptocurrency: The Future Is Here
First of all, cryptocurrencies are not like any other type of currency in existence today. They are not backed by gold or anything else tangible; instead, they are backed by the power of math and computer science. This means that no one person can control them – nor does anyone person have to trust anyone else for a transaction to be completed successfully.
This is a very big deal because it enables things like international commerce to happen without having to worry about exchange rates or long delays due to international transfers. You can make a payment from one country
Cryptocurrency is a term describing digital currencies based on blockchain such as bitcoin, Ethereum and Ripple. Crypto tokens are not physical money but instead fully digital funds and assets. We will bring you the latest cryptocurrency news, token prices and crypto market capitalisations here. Cryptocurrencies typically entail various methods of digital encryption and verification processes. Crypto assets are independent of central bank regulation. Find out all the latest news about crypto exchanges, BTC, ETH, XRP and how to buy crypto tokens below.
We also have the latest ICO news, analysis and review about Initial Coin Offerings including a list of the most popular ICOs of 2018. A look at what’s hot and what’s not in the world of altcoins can also be found in our popular Cryptocurrency Altcoin News section.
Bitcoin was the first cryptocurrency that popularized the concept of decentralized digital cash. It was created in 2009 by an unknown person using the alias Satoshi Nakamoto, who set a finite limit on the number of bitcoins that will ever be produced: 21 million.
Transactions take place on a peer-to-peer network, which isn’t owned or operated by any single entity and is supported by a system of “miners” who use powerful computers to validate transactions and secure the system.
The total value of all bitcoin in circulation — about $200 billion as of January 2019 — is still far behind that of gold, which is estimated to be worth trillions. But bitcoin has emerged as a new type of asset with high volatility but also the possibility for high returns.
It’s important to note that cryptocurrencies aren’t actually currencies — they’re assets. That means they don’t behave like traditional currency, since they aren’t backed by any government or central bank and are subject to wild swings in value. For example, if you bought $1,000 worth of bitcoin at the beginning of 2018 when it was trading for about $14,000 per coin and sold it at the end of 2018 when it had fallen to about $3,500 per coin, you would have lost 75
Some of you reading this post have probably already invested in Bitcoin and other cryptocurrencies. We can also assume that some of you have already realized the profits, while others are still waiting for their big payday. But we’re willing to guess that almost all of you have at least a passing interest in the phenomenon and have been following the news surrounding the crypto-craze with at least some degree of intrigue.
We’ve seen it all before. Blockchain is a revolution. Crypto is the future of money. Coins are going to the moon! All this hype, but what does it really mean? Should we invest, or will we be left high and dry when cryptocurrency finally crashes? Well, we’re here to tell you everything you need to know about cryptocurrency so you can make an informed decision on how to proceed.
First of all, we need to tackle some definitions. What exactly is blockchain technology? What are cryptocurrencies, and what is their relationship to blockchain? The most important thing to remember is that cryptocurrency is not the same as blockchain technology. This may seem like a subtle distinction in semantics, but it is an important one nonetheless.
Cryptocurrency is a digital mode of currency that is based on cryptography. It works as a medium of exchange where the transfer of funds takes place between peers and verified in a public ledger by means of mining. It operates independently of any central bank or authority.
Cryptocurrencies are classified into three. They are:
Chains based on proof-of-work (PoW)
Chains based on proof-of-stake (PoS)
Chains that use other consensus algorithms (or no consensus at all)