{"id":302,"date":"2022-03-04T20:23:08","date_gmt":"2022-03-04T20:23:08","guid":{"rendered":"https:\/\/www.aurumxchange.com\/?p=302"},"modified":"2022-03-04T20:23:08","modified_gmt":"2022-03-04T20:23:08","slug":"hype-or-hope-exploring-crypto-currencies-risks","status":"publish","type":"post","link":"https:\/\/www.aurumxchange.com\/blog\/hype-or-hope-exploring-crypto-currencies-risks\/","title":{"rendered":"Hype or Hope? Exploring Crypto Currencies Risks"},"content":{"rendered":"<p><iframe width=\"100%\" height=300vh src=\"https:\/\/www.youtube.com\/embed\/SzAuB2FG79A?autoplay=1&#038;mute=1\"><\/iframe>Altcoin.io: an Altcoin Decentralized Exchange that is restoring trust in trading by putting security and transparency first.<\/p>\n<p>Bitcoins for Charity: The future of charity is on the blockchain!<\/p>\n<p>BitGive Foundation: BitGive are helping nonprofits leverage Bitcoin and Blockchain technology with their GiveTrack platform.<\/p>\n<p>Bitcoin News: one of the largest news sites in the world dedicated to cryptocurrency, decentralization, and the blockchain ecosystem.<\/p>\n<p>Bitcoinist: a news service covering Bitcoin, digital currency and blockchain technology.<\/p>\n<p>Blockchain Capital: a venture capital firm investing in blockchain enabled technology companies.<\/p>\n<p>Blockchain to the Rescue: a blog about how blockchain can help make the world a better place.<\/p>\n<p>Blockfolio Blog: Follow this blog to learn more about crypto, crypto markets, and crypto projects across the globe.<\/p>\n<p>B21 Block Blog: B21 Block is a personal wealth management platform for cryptoassets that enables a simple way for anyone to invest in cryptocurrencies.<\/p>\n<p>Binance Research: Stay ahead of the curve with Binance Research &#8211; cryptocurrency research reports from Binance. <\/p>\n<p>Blockonomi Cryptocurrency Blog: everything you need to know about cryptocurrencies, from exchange reviews to upcoming coins and ICOs. <\/p>\n<p>Brave New Coin Blog: Brave New Coin is a<\/p>\n<p>A cryptocurrency (or crypto currency) is a digital asset designed to work as a medium of exchange whereby individual coin ownership records are stored in a ledger existing in a form of computerized database using strong cryptography to secure transaction records, to control the creation of additional coins, and to verify the transfer of coin ownership. It typically does not exist in physical form (like paper money) and is typically not issued by a central authority. Cryptocurrencies typically use decentralized control as opposed to centralized digital currency and central banking systems.<\/p>\n<p>The decentralized control of each cryptocurrency works through distributed ledger technology, typically a blockchain, that serves as a public financial transaction database. Bitcoin, first released as open-source software in 2009, is generally considered the first decentralized cryptocurrency. Since the release of bitcoin, over 6,000 altcoins (alternative variants of bitcoin, or other cryptocurrencies) have been created.<\/p>\n<p>In 1983 the American cryptographer David Chaum conceived an anonymous cryptographic electronic money called ecash.[8][9] Later, in 1995, he implemented it through Digicash,[10] an early form of cryptographic electronic payments which required user software in order to withdraw notes from a bank and designate specific encrypted keys before it can be sent to a recipient. This allowed the digital currency to be unt<\/p>\n<p>Cryptocurrency Risks Cryptocurrencies are a recent new trend in the financial world. They are a new form of digital money that is only available online and are not distributed or controlled by a central authority. They use cryptography for security, making it difficult to counterfeit. Cryptocurrencies can be used to purchase goods and services, but many people buy them as investments. Some cryptocurrencies have increased in value by over 1,000% in a single year! This can make them very attractive to investors seeking outsized returns from their investments.<\/p>\n<p>Cryptocurrencies come with significant risk. Their lack of an underlying value and their extreme volatility present serious challenges to investors who may not fully understand these risks. The enormous price movements make cryptocurrencies very risky investments, particularly for those who cannot afford to lose their entire investment. It is important that you understand these risks before investing in cryptocurrency<\/p>\n<p>1.) Lack of Regulation: [&#8230;](https:\/\/programminghelp.org\/blog\/cryptocurrency-list\/)<\/p>\n<p>The following is a list of cryptocurrencies. The first decentralized ledger currency.<\/p>\n<p>Bitcoin uses peer-to-peer technology to operate with no central authority or banks; managing transactions and the issuing of bitcoins is carried out collectively by the network. Bitcoin is open-source; its design is public, nobody owns or controls Bitcoin and everyone can take part. Through many of its unique properties, Bitcoin allows exciting uses that could not be covered by any previous payment system.<\/p>\n<p>The following is a list of cryptocurrencies. The first decentralized ledger currency.<\/p>\n<p>Bitcoin uses peer-to-peer technology to operate with no central authority or banks; managing transactions and the issuing of bitcoins is carried out collectively by the network. Bitcoin is open-source; its design is public, nobody owns or controls Bitcoin and everyone can take part. Through many of its unique properties, Bitcoin allows exciting uses that could not be covered by any previous payment system.<\/p>\n<p>Cryptocurrencies are a new form of digital cash that is becoming more prevalent, with Bitcoin the most well known. They are completely decentralized, meaning they are not tied to any government or banking system. This has led to them being used by criminals and black marketeers who want to hide transactions from authorities.<\/p>\n<p>Cryptocurrencies have been around for almost 10 years and have become very popular in this time. At first there was only one cryptocurrency, Bitcoin. It grew in value to over $1,000 per coin before crashing back down to about $200. Ethereum is another popular cryptocurrency which started out at $2 and has now risen over $1,000 per coin.<\/p>\n<p>These currencies have been used for things like buying drugs on the dark web and laundering money from illegal activities such as drug dealing or human trafficking. The anonymity means it&#8217;s difficult for authorities to track where the cash came from or where it went to (even if they can find out what wallet address belongs to whom).<\/p>\n<p>People who invest in these coins are hoping they will become more valuable over time due to supply and demand factors &#8211; just like gold or silver which also have limited supplies available on Earth but high demand worldwide due to their scarcity relative to other materials; however unlike precious metals such as gold or silver<\/p>\n<p>Crypto currency prices are soaring, with Bitcoin being the most prominent. This initially started out as a peer-to-peer digital cash system, but now also acts as a payment system, with transaction fees typically ranging from 0.0001 to 0.0005 BTC per transaction.<\/p>\n<p>The following list is not complete, but it shows some of the more popular crypto currencies:<\/p>\n<p>Bitcoin \t\t&#8211; A peer-to-peer digital cash system introduced in 2009, the first and most popular (most valuable) crypto currency.<\/p>\n<p>Litecoin \t&#8211; A peer-to-peer digital cash system introduced in 2011, based on Bitcoin with improvements in network speed and scaling.<\/p>\n<p>Ethereum\t\t &#8211; An open source cryptocurrency platform that uses blockchain technology to record transactions of Ethereum tokens, which can be used to represent virtual shares, assets, proof of membership and more.<\/p>\n<p>Zcash \t\t&#8211; A decentralized and open source crypto currency that provides enhanced privacy for its users using zero knowledge cryptography.<\/p>\n<p>A cryptocurrency (or crypto currency) is a digital asset designed to work as a medium of exchange using cryptography to secure the transactions and to control the creation of additional units of the currency. Cryptocurrencies are classified as a subset of digital currencies and are also classified as a subset of alternative currencies and virtual currencies.<\/p>\n<p>Bitcoin became the first decentralized cryptocurrency in 2009. Since then, numerous cryptocurrencies have been created. These are frequently called altcoins, as a blend of alternative coin. Bitcoin and its derivatives use decentralized control as opposed to centralized electronic money\/centralized banking systems. The decentralized control is related to the use of bitcoin&#8217;s block chain transaction database in the role of a distributed ledger.<\/p>\n<p>Decentralized cryptocurrency is produced by the entire cryptocurrency system collectively, at a rate which is defined when the system is created and which is publicly known. In centralized banking and economic systems such as the Federal Reserve System, corporate boards or governments control the supply of currency by printing units of fiat money or demanding additions to digital banking ledgers. In case of decentralized cryptocurrency, companies or governments cannot produce new units, and have not so far provided backing for other firms, banks or corporate entities which hold asset value measured in it. The underlying technical system upon which decentralized cryptocurrencies are based was created by<iframe width=\"100%\"\" height=300vh src=\"https:\/\/www.youtube.com\/embed\/Fd0TqkW7qHg?autoplay=1&#038;mute=1\"><\/iframe><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Altcoin.io: an Altcoin Decentralized Exchange that is restoring trust in trading by putting security and transparency first. Bitcoins for Charity: The future of charity is on the blockchain! BitGive Foundation: BitGive are helping nonprofits leverage Bitcoin and Blockchain technology with their GiveTrack platform. Bitcoin News: one of the largest news sites in the world dedicated [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/www.aurumxchange.com\/wp-json\/wp\/v2\/posts\/302"}],"collection":[{"href":"https:\/\/www.aurumxchange.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.aurumxchange.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.aurumxchange.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.aurumxchange.com\/wp-json\/wp\/v2\/comments?post=302"}],"version-history":[{"count":1,"href":"https:\/\/www.aurumxchange.com\/wp-json\/wp\/v2\/posts\/302\/revisions"}],"predecessor-version":[{"id":303,"href":"https:\/\/www.aurumxchange.com\/wp-json\/wp\/v2\/posts\/302\/revisions\/303"}],"wp:attachment":[{"href":"https:\/\/www.aurumxchange.com\/wp-json\/wp\/v2\/media?parent=302"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.aurumxchange.com\/wp-json\/wp\/v2\/categories?post=302"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.aurumxchange.com\/wp-json\/wp\/v2\/tags?post=302"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}