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The concept of cryptocurrency was created in 1991. However, the first real implementation was made in 2008 by Nakamoto. The first question arises, what is cryptocurrency.

It is a financial arrangement in which currency is being transferred between two parties. At first, problems such as the double fault method appeared, although the problem was later solved through concepts such as block chain technology. The entire process is driven through cryptographic algorithms.

A set of public and private keys is being transferred between two parties. Details of each transaction are stored in each block and for each customer; a chain of blocks forms the complete list of transactions. All blocks together form the block chain. These blockchains are nothing but the financial ledger.

The power of this new system of currency transactions depends on the power of the cryptographic algorithm. With the implementation of algorithms such as DES, the secrecy of any financial transaction (block chain) has been strengthened. However, the concept has not yet been adopted by many countries.

The data of each block cannot be changed retroactively or without network consensus. At the moment, the share of cryptocurrency is not that big, but over time it is expected to grow.

Some of the features of cryptocurrency are:

• Decentralized

• Distributed

• Public ledger

The most important aspect of cryptocurrency is the above, but the technology requires security for effective use. Issues such as the double error have occurred in the past although this issue has now been resolved. The biggest advantage of cryptocurrency is the feature of updating it without touching the central server.

Thus, we don’t have to make any changes to the server. Also, the transaction can be done between two members of the network or three or more.

Thus, the various advantages you get through cryptocurrency are as follows:

• Sure

• Quickly

• Believable

• Correct

However, the technology has developed even though it is not being accepted by all countries. The biggest sensation in cryptocurrency is bitcoin. It is being accepted by many countries. Similarly, you can find many more types of cryptocurrencies.

Each of them uses a unique type of algorithms. All of them, you can learn through cryptography. It is a broad topic and the application in the form of cryptocurrency is one of the major breakthroughs of the last decade. The usage may quadruple in the next few years definitely.

The digital currency is also used as part of controversial settings such as illegal online businesses, for example, Silk Street. The first Silk Road closed in October 2013 and two other forms have been used since then. In the year after the fundamental closing of Silk Street, the amount of dim unmistakable markets expanded from four to twelve, while the measure of drug postings expanded from 18,000 to 32,000.

Darknet markets present challenges regarding legality. Bitcoins and various types of digital money used as part of dark markets are not clearly ordered or legal in all parts of the world. In the US, bitcoins are called “virtual resources”.

This type of controversial regulation puts weight on legal authorization offices around the globe to adapt to the moving exchange of medicines of dimmed markets.

In case you don’t know, bitcoin is a type of decentralized cryptocurrency network. In this process, transactions are based on an encrypted 16-character address. In simple terms, it’s the same as your social security number. In terms of security, only you can transfer funds as you have the address, which includes two-factor verification. In fact, bitcoin consists of a network of several independent computers that are responsible for generating, propagating and verifying monetary transactions. Let’s find out more.

How do you buy Bitcoin?

If you want to buy Bitcoin, make sure you install the wallet app on your computer. With this app, you can send and receive as many Bitcoins as you want.

To buy Bitcoin, you are required to deposit funds into your web-based wallet that acts as a bridge between sellers and buyers.

Once the exchange has accepted your coin, your next move is to place an order, which is the same as buying a stock.

How does Bitcoin work?

Basically, Bitcoin is an international, decentralized peer-to-peer network. Below is a description of how Bitcoin works.

1. First of all, mining creates Bitcoin with the help of computers in order to solve mathematical functions. And then there is a process that verifies the transactions.

2. In the next stage, traditional currencies are used for Bitcoin trading. In fact, it works as a gateway to the world of cryptocurrency, especially for non-miners. We can say that it is just like buying stocks using a trading app.

3. Whether you are an individual or a business, you can create wallets to send or receive Bitcoins. If you used a PayPal account, you can easily use this type of wallet as well. The good thing about cryptocurrency is that it is based on a secure network. In addition, it makes all transactions completely secure.

Can you mine Bitcoin at home?

If you are interested in mining Bitcoins at home, the description given below can help you get started.

Cryptocurrency mining

Cryptocurrency mining is an approach that involves validating cryptocurrency transactions and making entries in the blockchain. If you want to authorize or mine cryptocurrency transactions, you have to compete with many other minors doing complex calculations. This type of processing requires a lot of processing power.

Once the transaction is completed, the system rewards you with bitcoins or whatever coin you are mining.

Can you use your laptop to mine Bitcoin?

The good news is that you can use your laptop to mine Bitcoin. However, the million dollar question is, can it make you enough money? The short answer is, no. Although you can mine using your laptop, you won’t earn more than pennies, which isn’t worth it.

In other words, you need an extremely powerful computer with multiple graphics cards to enjoy the highest mining speed.

So, if you are interested in mining or investing in Bitcoin, you can follow the tips given in this article.

The first step to creating the best cryptocurrency is building a blockchain. Blockchain technology is the background of every cryptocurrency you see in the world today. A blockchain has contained the details of each cryptocurrency.

It’s a book that shows the background of every cryptocurrency you have. It also shows more details about who owned the cryptocurrency coins before you. The best cryptocurrencies have a very effective blockchain technology.

Code

All the software you see on the Internet is made of code. This is the same case with cryptocurrency. Fortunately, most cryptocurrency is made using the same code. Mostly, cryptocurrencies are made using C++ code. You can download all the codes you need from GitHub and use them to create your own cryptocurrency. However, the code will vary from your specifications. If your blockchain is longer and faster, you need to add programs for this. In general, programs can vary from a week to several months when making a blockchain.

To make the best cryptocurrency, you need to make sure that it has set the highest level of security to be observed. There are hackers everywhere and it is always your role to alienate the hackers. A powerful tool that has been used to alienate hackers is the use of private and public keys. This is because each key is generated from the previous key. Through the use of cryptography, each key can be traced back to the first transaction ever made.

You should also make sure to create a group of miners. For a stable cryptocurrency like bitcoin? anyone can be a miner. A miner does two things.

-Creates crypto currency

-Authenticates cryptocurrency.

You need to create a standard way to create and validate your cryptocurrency.

Approach to Market Needs

Many cryptocurrency experts have said that the most important part is to approach the needs of the market. You have to be keen and observe what other cryptocurrencies don’t offer and offer them yourself. If we look at the biggest cryptocurrency in the market today bitcoin.

It was created to bring a faster transaction to the online world. Bitcoin also gained a lot of recognition because it was able to hide the identity of users. They remained anonymous, but you can still make a legitimate transaction. These are the most important parts to keep in mind when creating a cryptocurrency.

In order to make a very successful cryptocurrency, you need to make sure that you are able to do the proper marketing of your cryptocurrency. This means going to merchants and asking them to accept your cryptocurrency as their payment method. These are generally some of the best ways to make crypto currency.

Simply put, cryptocurrency is digital money that has been created in a way that is secure and anonymous in some cases. It is closely related to the Internet that uses cryptography, which is basically a process where readable information is converted into an unbreakable code in order to control all transfers and purchases made.

Cryptography has a history dating back to World War II, when there was a need to communicate in the most secure way. Since then, a similar evolution has taken place and it has been digitized today where various elements of computer science and mathematical theory are being used for the purpose of securing communication, money and information on the Internet.

The first cryptocurrency:

The first cryptocurrency was introduced in 2009 and is still popular around the world. Many more cryptocurrencies have been introduced over the past few years and today you can find so many available online.

How they work?

This type of digital currency uses technology that is decentralized in order to allow different users to make secure payments and also store money without necessarily using a name or even going through a financial institution. They are primarily run on a blockchain. A blockchain is a public ledger that is publicly distributed.

Units of cryptocurrency are usually created using a process called mining. This usually involves the use of a computer power. Doing it this way solves the mathematical problems that can be very complicated in generating coins. Users are only allowed to buy coins from brokers and then store them in crypto wallets where they can spend them with great ease.

Cryptocurrencies and the application of blockchain technology are still in their infancy when thought of in financial terms. More uses may emerge in the future as one never knows what else will be invented. The future of transactions in stocks, bonds and other types of financial assets can very well be traded using cryptocurrency and blockchain technology in the future.

Why Use Cryptocurrency?

One of the main features of these coins is the fact that they are safe and that they offer a level of anonymity that you may not find anywhere else. There is no way in which a transaction can be reversed or falsified. This is definitely the biggest reason why you should consider using them.

The fees charged for this type of currency are also quite low and this makes it a very reliable option compared to conventional currency. Since they are decentralized in nature, they can be accessed by anyone, unlike banks where accounts are only opened by authorization.

Cryptocurrency markets are offering a new form of money and sometimes the rewards can be huge. You can make a very small investment only to find that it has turned into something wonderful in a very short period of time. However, it is still important to note that the market can also be volatile and there are risks associated with buying.

All over the world، people’s life expectancy has increased by leaps and bounds. Compared to the 1950s، it has increased by 50 percent and compared to the 1980s، it has increased by 30 percent. Long gone are the days when company sponsored pension plans alone were enough to get through the golden ages in a relaxed and worry-free manner.

Today، with other expenses such as housing، health care، education، and more rising، some people are finding it increasingly challenging to save for their retirement.

Unfortunately، the hard truth is that people of all generations from baby boomers to millennials are not saving enough for their retirement. Austerity is one of the most underrated epic crises around the world.

“Retirement is complicated. It’s never too early or too late to start preparing for retirement.”

Thus, people are striving for alternative opportunities that offer them higher returns in a shorter period. Traditionally، real estate، private equity and venture capital were required. Now، a new and more profitable money making and profitable investment has joined the picture enter cryptocurrencies.

Cryptocurrency Investments For those who don’t want to put all their eggs in one basket

One of the biggest advantages of investing in cryptocurrency is that it decouples your wallet from your reserve coins. Say، if you live in the UK، then you will have shares of UK-based companies in your retirement portfolio if you are in equity. What would happen to your wallet if the British pound were to crash? And given today’s volatile political scenario across the globe، nothing is certain.

Therefore, cryptocurrency investments make more sense. With digital currency investments, you are effectively creating a basket of digital currencies that acts as an effective hedge, or safe bet, against reserve currency weakness.

The average investor should only allocate a small portion of his/her retirement assets to crypto، due to its volatility. But volatility can cut both way think back to health care stocks in the 1950s and tech stocks in the 1990s. Smart early investors were the ones who made it big.

Don’t get left behind and don’t miss out. Include crypto in your assets to start building a real and diversified portfolio.

Breaking the Wall Build Your Confidence in Cryptocurrencies

One of the biggest and main hurdles that first-time crypto investors face is that they cannot trust digital currencies. Many، especially people who are not tech savvy or nearing retirement do not understand what promotion is all about. Sadly، they fail to understand and appreciate the countless potentials of cryptocurrency.

The reality is that Cryptocurrencies are one of the most reliable assets، backed by the latest technology. The blockchain technology that powers digital currencies enables instant and indelible trading without the requirement for third-party verification. It is a peer to peer system that is completely open and operates on advanced cryptographic principles.

Retirement planning funds should work on demystifying cryptocurrencies

To build trust and gain the support of individuals, retirement planning funds must educate investors about the endless potential of cryptocurrencies. For this they need advanced analytics that help provide reliable risk analysis, risk/return metrics and forecasts.

Additionally، investment firms can create specialized cryptocurrency advisory services to help and guide new investors. In the coming years, one can expect some smart AI-based advisors to come on the scene – these will help calculate the right investments based on an individual’s time horizon, risk tolerance and other factors.

Human advisors can work alongside these smart advisors and provide clients with personalized consultations and other suggestions as needed.

Retired investors looking to add cryptocurrencies to their asset portfolio are looking for more control and visibility as they experiment with this new asset. Look for platforms that allow you to combine all your assets in one place. An integrated solution that enables you to manage and balance all your assets including traditional ones like bonds and stocks with new asset classes like cryptocurrency wallets.

Having such a broad platform that supports all your assets gives you a holistic analysis of your portfolio, helping you make better and more informed decisions. Thus, you reach the ultimate goal of saving for your goals faster.

Look for investment planning portals that also offer additional features like periodic cryptocurrency contributions at scheduled or unscheduled intervals.

Advances in supporting technologies for investing in cryptocurrencies:

Investing in cryptocurrency will only become mainstream when the supporting technology makes it possible for investors to trade the coins smoothly, even for new investors who are not aware of the knowledge. The exchange of one digital currency for another, or even for fiat currencies and other non-tokenized assets should be enabled. When this becomes possible, it will eliminate middlemen from the equation, thereby reducing costs and additional fees.

As the technologies that support cryptocurrency investment and trading mature, the value of digital currencies will further increase as the currency becomes mainstream with wider access. This means that early adopters stand to gain greatly. As more and more retirement investment platforms integrate cryptocurrency, the value of digital currencies is bound to increase, providing significant benefits to early adopters like you.

If you are wondering if such retirement investment platforms will take a few years to see the light of day, then you are wrong. Auctus is one such portal that is currently in the Alpha launch phase. It is a first-of-its-kind retirement portfolio platform that includes digital currencies. Auctus users can receive investment advice from both human and AI analytics tools.

At the moment, users can save for retirement using Bitcoins, Ethereum and several other digital currencies. In addition, users can use the automated rebalancing feature that allows them to automatically adjust their portfolio using a set of predefined rules.

This holistic approach ensures that users can reach their retirement goals earlier by making smart and appropriate investment choices or decisions.

Final Thoughts – Cryptocurrencies should not be ignored in your retirement portfolio

Yes, it is true that cryptocurrencies are very volatile. In fact, there is speculation online suggesting that “cryptocurrencies are nothing but a quick-fix scheme” and the bubble is likely to burst sometime in the near future.

Uncertainty doesn’t mean cryptocurrencies shouldn’t be part of your retirement portfolio, even if you have short investment time horizons. On the other hand, the current drop in cryptocurrency prices in 2018 means that you have a rare opportunity to make a profit.

Greater trust, holistic and directly controllable investment management capabilities, and advances in supporting technologies ensure that digital currencies make an excellent investment choice to include in your retirement portfolio.

When most people think of cryptocurrency, they may also think of cryptocurrency. Very few people seem to know what it is and for some reason everyone seems to be talking about it as if they do. Hopefully، this report will demystify all aspects of cryptocurrency so that by the time you finish reading, you have a pretty good idea of ​​what it is and what it’s all about.

You may or may not find that cryptocurrency is for you, but at least you’ll be able to speak with a degree of certainty and knowledge that others won’t have.

There are many people who have already achieved millionaire status by dealing in cryptocurrencies. Clearly، there is a lot of money to be made in this brand new industry.

Cryptocurrency is electronic currency, short and simple. However، what is not so short and simple is exactly how value is made.

Cryptocurrency is a digitized, virtual, decentralized currency produced by the application of cryptography, which, according to the Merriam Webster dictionary، is “the computerized encoding and decoding of information. “Cryptography is the foundation that makes debit cards، computer banking and electronic commerce systems possible.

Cryptocurrency is not backed by banks; it is not supported by a government، but by an extremely complex arrangement of algorithms. Cryptocurrency is electricity that is encoded in complex strings of algorithms. What gives monetary value is their complexity and their security from hackers. The way cryptocurrency is made is simply too difficult to replicate.

Cryptocurrency is in direct opposition to what is called fiat money. Fiat money is currency that derives its value from government decision or law. The dollar, yen and euro are all examples. Any currency that is defined as legal tender is fiat money.

Unlike fiat money، another part of what makes cryptocurrency valuable is that, like a commodity such as silver and gold, there is only a limited amount of it. Only 21,000,000 of these extremely complex algorithms were produced. No more, no less. It cannot be changed by printing more of it، like a government printing more money to prop up the system without support. Or from a bank changing the digital ledger, something the Federal Reserve will instruct banks to do to adjust for inflation.

Cryptocurrency is a means of buying, selling and investing that completely avoids government surveillance and banking systems that track your money movements. In a world economy that is destabilized, this system can become a stabilizing force.

Cryptocurrency also gives you great anonymity. Unfortunately, this can lead to misuse by a criminal element that uses cryptocurrency for their own purposes، just as regular money can be misused. However, it can also prevent the government from tracking your every purchase and invading your personal privacy.

Cryptocurrency comes in several forms. Bitcoin was the first and is the standard from which all other cryptocurrencies are modeled. All are produced by meticulous alpha-numeric calculations from a complex coding tool. Some other cryptocurrencies are Litecoin، Namecoin، Peercoin، Dogecoin and Worldcoin, to name a few. These are called altcoins as a generalized name. The prices of each are governed by the supply of the specific cryptocurrency and the market demand for that currency.

The way cryptocurrency is created is quite fascinating. Unlike gold, which has to be mined from the ground, cryptocurrency is simply an entry in a virtual ledger that is stored on various computers around the world.

These inputs must be ‘mined’ using mathematical algorithms. Individual users or, more likely, a group of users perform computational analysis to find specific series of data، called blocks. ‘Miners’ find data that produces an accurate model of the cryptographic algorithm.

At that point، it is applied to the series, and they have found a block. Once an equivalent series of data in the block matches the algorithm، the data block is unencrypted. The miner receives a reward of a specific amount of cryptocurrency.

Over time، the reward amount decreases as the cryptocurrency becomes rarer. Adding to this, the complexity of the algorithms in searching for new blocks has also increased. Computationally, it becomes more difficult to find a matching series. Both of these scenarios combine to slow down the speed at which cryptocurrency is created. This mimics the difficulty and scarcity of mining a commodity like gold.

Now, anyone can be a miner. The creators of Bitcoin made the mining tool open source، so it’s free for anyone. However, the computers they use run 24 hours a day, seven days a week. The algorithms are extremely complex and the CPU is running at full tilt. Many users have specialized computers designed specifically for cryptocurrency mining. Both the user and the specialized computer are called miners.

Miners (those people) also keep transaction logs and act as auditors so that a coin is not duplicated in any way. This keeps the system from being hacked and malfunctioning. They are paid for this work by receiving new cryptocurrencies every week that keep them running. They keep their cryptocurrency in specialized files on their computers or other personal devices. These files are called wallets.

Let’s summarize by going through some of the definitions we’ve learned:

• Cryptocurrency: electronic currency; also called digital currency.

• Fiat money: any legal tender; backed by the government, used in the banking system.

• Bitcoin: the original and gold standard of cryptocurrency.

• Altcoins: other cryptocurrencies that are modeled by the same processes as Bitcoin, but with minor changes to their coding.

• Miners: an individual or group of individuals who use their own resources (computers, electricity, space) to mine digital currencies.

o Also a specialized computer designed specifically for finding new coins through a series of algorithm calculations.

• Wallet: a small file on your computer where you store your digital money.

The concept of the cryptocurrency system in a nutshell:

• Electronic money.

• Mined by individuals using their own resources to find coins.

• A stable, limited currency system. For example, there are only 21,000,000 Bitcoins ever produced.

• It does not require any government or bank to make it work.

• The price is set by the amount of coins found and used which is combined with the public demand to own them.

• There are several forms of cryptocurrency, Bitcoin being the first.

• It can bring great wealth, but, like any investment, there are risks.

Most people find the concept of cryptocurrency fascinating. It’s a new field that could be the next gold mine for many of them. If you find that cryptocurrency is something you want to learn more about، then you’ve found the right report. However, I have barely touched the surface in this report. There is much, much more to cryptocurrency than what I have gone over here.

In the times we live in، technology has made incredible progress compared to any time in the past. This evolution has redefined human life in almost every aspect. In fact, this evolution is a continuous process and thus, human life on earth is continuously improving day by day. One of the latest inclusions in this regard is cryptocurrencies.

Cryptocurrency is nothing but digital currency، which is designed to impose security and anonymity in online monetary transactions. It uses cryptographic encryption to generate currency and verify transactions. New coins are created by a process called mining, while transactions are recorded in a public ledger called the Transaction Block Chain.

A bit of a backlog

The evolution of cryptocurrency is mainly attributed to the virtual world of the Internet and involves the procedure of transforming readable information into a code، which is almost unbreakable. Thus، it becomes easier to track purchases and transfers involving currency. Cryptography, since its introduction in World War II to secure communication، has evolved in this digital age، blending with mathematical theories and computer science. Thus، it is now used to ensure not only communication and information, but also the transfer of money through the virtual network.

How to use cryptocurrency?

It is very easy for common people to use this digital currency. Just follow the steps given below:

• You need a digital wallet “of course، to store the currency”.
• Use the wallet to create unique public addresses “this allows you to receive the coin”.
• Use public addresses to transfer funds in or out of the wallet.

Cryptocurrency wallets:

A cryptocurrency wallet is nothing but a software program, which is able to store private and public keys. In addition, it can also interact with different blockchains so that users can send and receive digital currency and also keep a track of their balance.

How digital wallets work?

Unlike conventional wallets that we carry in our pockets, digital wallets do not store currency. In fact, the blockchain concept is so cleverly blended with cryptocurrency that coins are never stored in a specific location. Nor do they exist anywhere in cash or physical. Only your transaction data is stored on the blockchain and nothing else.

A real life example

Suppose a friend sends you a digital currency, say in the form of bitcoin. What this friend does is he transfers ownership of the coins to your wallet address. Now، when you want to use that money, you have unlocked the fund.

To unlock the fund, you need to match the private key in your wallet with the public address where the coins are assigned. Only when these private and public addresses match will your account be credited and your wallet balance will increase. Simultaneously, the balance of the sender of the digital currency will decrease. In transactions involving digital currency, the actual exchange of physical currencies never takes place under any circumstances.

Cryptocurrency Address Meaning

By nature, it is a public address with a unique character string. This enables a user or owner of a digital wallet to receive cryptocurrencies from others. Each public address، created، has a matching private address.

This automatic matching verifies or determines the ownership of a public address. As a more practical analogy, you can think of a public cryptocurrency address as your email address, to which others can send emails. Emails are the currency people send you.

Understanding the latest version of technology in the form of cryptocurrency is not difficult. One needs a little interest and spend time on the net to get the basics straight.

Crypto Currency “or Cryptography” is a controversial digital asset designed to function as a cryptographic means of exchange to secure your transactions, additional tracking units and asset transfer. Cryptocurrencies are a type of digital currency، alternative currency، and virtual currency. Cryptocurrencies use decentralized control instead of a centralized system of electronic money and central banks.

The decentralized control of any cryptocurrency works through the blockchain, which is the basis of public transactions, which works as a distributed record.

Formal definition:

According to Jan Lansky، cryptomagic is a system that meets four conditions:

• Policy determines whether new units of cryptocurrency can be created. If new cryptocurrency units can be designed, the system identifies the source circumstances with the ownership of these new units.

• If two different purchase change instructions for the same cryptographic units are entered, the system executes at most one of them.

• The system allows transactions to be performed in a way that changes the owner of the cryptographic unit. A mirror transaction can only be issued by an entity that verifies the actual owners of those entities.

• Ownership of cryptocurrency units can be indicated exclusively cryptographically.

General overview:

Decentralized cryptography collectively produces the entire system of cryptographic services at the rate determined during system creation and is publicly known. In centralized banking and economic policies, such as the Federal Reserve System، administrative committees or governments control the money supply by printing units of fiduciary funds or requiring complementary digital ledgers.

In the case of decentralized cryptocurrency, governments or companies cannot produce new units and yet they are not compatible with companies، banks or other entities that have property values. The primary technical system based on decentralized cryptocurrencies was created by a group or individual known as Satoshi Nakamoto.

As of May 2019، there were more than 1,900 transparent crypto specifications. The cryptocurrency’s data, security, integrity and balance system are maintained by a community of mutually suspicious parties called minors who use their computer to confirm transaction times, adding them to the registry according to a specific timestamp scheme.

Most crypto copies are designed to gradually reduce the production of this currency by limiting the total amount of those coins that will be in circulation. Compared to common currencies held by financial institutions or held

cash on hand, the police may have a harder time catching cryptos. This problem comes from the use of cryptographic technologies.

Cryptocurrencies are the latest ‘big thing’ in the digital world and are now recognized as part of the monetary system. In fact، enthusiasts have labeled it the ‘money revolution’.

In plain terms, cryptocurrencies are decentralized digital assets that can be exchanged between users without the need for a central authority, most of which are created through special computational techniques referred to as ‘mining’.

The acceptance of currencies، such as the US dollar, the British pound and the euro, as legal tender is because they are issued by a central bank. However، digital currencies, such as cryptocurrencies, do not depend on public trust and confidence in the issuer. As such, several factors determine its value.

Principles of free market economics (mainly supply and demand)

Supply and demand is a major determinant of the value of anything of value, including cryptocurrencies. This is because if more people are willing to buy a cryptocurrency, and others are willing to sell, the price of that particular cryptocurrency will increase and vice versa.

Mass adoption:

Mass adoption of any cryptocurrency could send its price to the moon. This is because many cryptocurrencies have their supply limited to a certain limit and, according to economic principles, an increase in demand without a corresponding increase in supply will lead to an increase in the price of that particular commodity.

Numerous cryptocurrencies have invested more resources to ensure their mass adoption, with some focusing on the applicability of their cryptocurrency to pressing personal life issues as well as everyday decision-making cases, with the aim of making them necessary in everyday life.

Fiat Inflation:

If a fiat currency, such as the USD or GBP, inflates, its price rises and its purchasing power falls. This will then cause cryptocurrencies “let’s use Bitcoin as an example” to rise relative to fiat. The result is that you will be able to buy more of that fiat with each bitcoin. In fact, this situation has been one of the main reasons for the increase in the price of Bitcoin.

History of scams and cyber attacks:

Scams and hacks are also crucial factors affecting the value of cryptocurrencies, as they are known to cause wild fluctuations in valuations. In some cases، the team supporting a cryptocurrency can be fraudulent; they will pump up the price of the cryptocurrency to attract unsuspecting individuals، and when their hard earned money is invested, the price is cut by the fraudsters, who then disappear without a trace.

It is therefore imperative to be wary of cryptocurrency scams before investing your money.

Some other factors to consider that have an impact on the value of cryptocurrencies include:

• The manner in which cryptocurrency is stored, as well as its utility, security, ease of purchase and cross-border acceptability.
• The strength of the community that supports the cryptocurrency “this includes funding, innovation and loyalty of its members”.
• Low risks associated with cryptocurrency as perceived by investors and users.
• Feeling the news.
• Market liquidity and cryptocurrency volatility.
• Country regulations “this includes the ban on cryptocurrencies and ICOs in China and legal tender in Japan”.

The emergence of cryptocurrency is already taking over in our daily transactions. Cryptocurrency is a digital asset that exists in the crypto world with many people referring to it as “digital gold”. But what exactly is cryptocurrency? You have to ask yourself.

This is a digital asset intended to be used as a medium of exchange. Clearly, this is a close substitute for money. However، it uses a strong cryptography to secure financial transactions, verify the transfer of assets and control the creation of additional units. All cryptocurrency is either virtual currency، digital currency or alternative currency.

It is imperative to note that all cryptocurrencies use a decentralized system of control compared to the centralized systems of banks and other financial institutions. These decentralized systems operate through a distributed ledger technology that serves a public financial database. Normally، a blockchain is used.

What is a blockchain?

This is a constantly growing list of data that is linked and secured using cryptography. This list is called blocks. A blockchain is an open, distributed ledger that can be used to record transactions between two parties in a way that is verifiable and permanent.

To enable a block to be used as a distributed ledger, it is managed by a peer-to-peer network which together adheres to a protocol for validating new blocks. Once data is recorded in any ledger, it cannot be changed without changing all the other blocks. Therefore, blockchains are secure by design and also act as an example of a distributed computing system.

The history of cryptography:

David Chaum، an American cryptographer discovered an anonymous cryptographic electronic money called ecash. This happened in 1983. In 1995 David implemented it through Digicash. Digicash was an early form of cryptographic electronic payments that required user software to withdraw banknotes from a bank.

It also allowed the determination of specific encrypted keys before they were sent to a recipient. This feature allowed the digital currency to be untraceable by the government, issuing bank or any third party.

After increased efforts in the following years، Bitcoin was created in 2009. This was the first decentralized cryptocurrency and was created by Satoshi Nakamoto, a pseudonymous developer. Bitcoin used SHA-256 as its cryptographic hash function (proof-of-work scheme”. Since the launch of bitcoin, the following cryptocurrencies have also been launched.

1. Namecoin “April 2011”.

2. Litecoin “October 2011”.

3. Peercoin.

These three currencies and many others are referred to as altcoins. The term is used to refer to alternative variants of bitcoin or simply other cryptocurrencies.

It is also imperative to note that cryptocurrencies are exchanged over the Internet. This means that their use is mainly outside the banking systems and other government institutions. Cryptocurrency exchanges involve exchanging cryptocurrency for other assets or for other digital currencies. Conventional fiat money is an example of an asset that can be traded with cryptocurrency.

Atomic exchanges:

These refer to a proposed mechanism where one cryptocurrency will be able to be directly exchanged for another cryptocurrency. This means that with atomic exchanges, there would be no need for third party participation in the exchange.