How "Crypto" Work of Coins – An Overview of Bitcoin, Etherium and Ripple

“Crypto” – or “crypto currency” – is a type of software system that provides users with transactions over the Internet. The most important feature of the system is their Decentralized Nature – usually provides Blockchain Database system.

Blockchain and “cryptocurrency” have recently become a major component of global giggist; Usually as a result of the “price” of bitcoin skyrocketing. This has led to millions of people taking part in the market, with many “bitcoin exchanges” going through huge infrastructural pressures as demand grows.

The most important thing to realize about “crypto” is that although it actually provides a purpose (border transactions via the Internet), it does not provide any other financial benefits. In other words, its “underlying value” strictly limits the ability to transact with another person; Not at the cost of storing / promoting (this is what most people see).

The most important thing you need to realize is that “bitcoin” and the like Payment network – Not “currency”. It will be covered more deeply in a second; The most important thing to understand is that “getting rich” with BTC is not about giving people a better economic position – it will only be able to buy “coins” at lower prices and sell them more.

To this end, when looking at “crypto” you must first understand how it actually works and where its “value” really lies …

Decentralized Payment Networks …

As mentioned, the main thing to remember about “crypto” is that it is mainly one Decentralized payment network. Think Visa / MasterCard without central processing system.

This is important because it highlights the real reason for starting to search the “Bitcoin” offer more deeply; It gives you the ability to send / receive money from anyone in the world, as long as they have your Bitcoin wallet address.

The reason for associating this “price” with different “currencies” is from the misconception that “bitcoin” will somehow give you the ability to make money as a “crypto” asset. It is not.

The Only The way people are making money with Bitcoin is because of the “increase” in its value – buying “coins” at a lower price and selling them at a much higher price. While this has worked well for many people, it was actually based on a “bigger fool theory” – basically mentioning that if you manage to “sell” coins, it’s a “bigger fool” than you.

This means that if you see a “crypto” place getting involved today, you are basically buying any cheap (or cheap) “coins” (even “well” coins) and running them until you stop selling later. Increases. Since none of the “currencies” are backed by real-world resources, there is no way to predict when / how / how it will work.

Future growth

For all intents and purposes, “Bitcoin” is a spent energy.

The epic rally of December 2017 has signaled public acceptance and its price will probably continue to rise in the range of ড 2000, buying a coin today would basically be a huge gamble that it would happen.

Smart Money is already looking for most “welt” currencies (Ethereum / Ripple, etc.) that have relatively low prices, but are constantly rising in price and acceptance. The key to modern “crypto” space is the way in which different “platform” systems are actually used.

Such rapid “technology” space; Etherium and Ripple look like the next “Bitcoin” – working with a focus on how they are able to provide users with the ability to use “decentralized applications” (DPS) on top of their underlying networks to gain functionality.

This means that if you look at the next level of “crypto” growth, it will certainly be able to identify you here from a variety of platforms.