All about crypto-currencies

Today, crypto-currencies have become electronic currencies used around the world. They are not under the direction of any state and its accessible to all corners and at all times. In this article, you will get the most important information about crypto-currencies.

What are crypto currencies?

Crypto-currencies are electronic currencies that facilitate the purchase of products. Among the virtual currencies that exist, we have Bitcoin, Ethereum which allows everyone to make transactions with greater ease. Following the coronavirus pandemic, which marked the world, electronic currencies have seen a considerable rise. Bitcoin is the best known and most widely used currency. Today, if there is one aspect that makes crypto-currencies special, it is the fact that they are not controlled by any bank. This means that they can be used without the permission of a bank. They allow you to own products on the internet and even in real life.

How does Bitcoin work, for example?

Among the existing electronic currencies, Bitcoin is the best known today. It is simple, easy and accessible to all. It allows holders to own goods and services online and physically. It should be noted that Bitcoin was the first electronic currency created in 2008 in response to the economic crisis facing the world. Today, Bitcoin is proving to be the safest electronic currency to invest in. It had a total market value of 145 billion in 2020. It goes without saying that Bitcoin is the most suitable and safest security to invest in. After this currency we have Ethereum. This currency has more users on the blockchain than Bitcoin. In 2021, we will see the introduction of Ethereum 2.0. This revolution could allow Ethereum to steal the top spot from Bitcoin. Moreover, there are several ways to buy electronic currencies. There are peer-to-peer, transaction facilitators and specialised marketplaces.