Cryptocurrency: The Currency of the Future

Cryptocurrency is a new and evolving technology and it is important to do your own research before investing.

Pic Credit: Pinterest

Cryptocurrency is a secure digital currency that uses Cryptography to protect its users and prevent fraud.

[{"selector":"#anim-251b4ec9-bae2-4e7e-94a4-399ca47cee1f","keyframes":{"opacity":[1,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-6c1d6c28-7faf-4d62-8b63-1b68e5c26c5f","keyframes":{"transform":["scale(3)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-77ebcbee-f1d1-4278-8376-090964282bbe","keyframes":{"transform":["rotate(-540deg) scale(0.1)","none"],"opacity":[0,1]},"delay":0,"duration":1000,"fill":"both","iterations":1}] Caption Pic Credit: Pinterest n

The Cryptography security feature makes it difficult to counterfeit Cryptocurrency.

[{"selector":"#anim-c37b1047-b4f4-45b6-96df-9c3406e1febf","keyframes":{"opacity":[1,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-76055e7f-edc6-46d2-a3f6-a4f4346247f4","keyframes":{"transform":["scale(3)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-92c713b4-538f-44d7-bffb-af65d0938626","keyframes":{"transform":["rotate(-540deg) scale(0.1)","none"],"opacity":[0,1]},"delay":0,"duration":1000,"fill":"both","iterations":1}] Caption Pic Credit: Pinterest n

The organic nature of Cryptocurrency is largely its defining characteristic and its most attractive attraction.

[{"selector":"#anim-511d0ece-261f-4377-8180-e924383182a1","keyframes":{"opacity":[1,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-79ef94ef-716b-42ec-a665-9119db4998cc","keyframes":{"transform":["scale(3)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-6fd16a0d-8be8-404d-a37e-9992ae3e2ee4","keyframes":{"transform":["rotate(-540deg) scale(0.1)","none"],"opacity":[0,1]},"delay":0,"duration":1000,"fill":"both","iterations":1}] Caption Pic Credit: Pinterest n

Blockchain, which is a public transaction database, acts as a distributed ledger. Every cryptocurrency is controled decentralised.

[{"selector":"#anim-7c67e00f-bdef-4cb3-abdb-72166c2ba072","keyframes":{"opacity":[1,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-e06c44c6-42ca-495a-9fba-f775a3f93e0f","keyframes":{"transform":["scale(3)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-9196a115-11d5-49e7-adc6-2647c9e7374b","keyframes":{"transform":["rotate(-540deg) scale(0.1)","none"],"opacity":[0,1]},"delay":0,"duration":1000,"fill":"both","iterations":1}] Caption Pic Credit: Pinterest n

Transactions on the blockchain are verified by a network of computers and recorded in a public database

[{"selector":"#anim-61b8de33-9e60-4709-a6a7-d6463097d4e2","keyframes":{"opacity":[1,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-0665c78c-fe8b-4731-9c20-448bce1a498d","keyframes":{"transform":["scale(3)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-4fb41db5-8a03-4e51-aad2-586656cdc08f","keyframes":{"transform":["rotate(-540deg) scale(0.1)","none"],"opacity":[0,1]},"delay":0,"duration":1000,"fill":"both","iterations":1}] Caption Pic Credit: Pinterest n

The supply of every Cryptocurrency is limited by design.

[{"selector":"#anim-b90ec463-f036-4472-b0ac-3315d35ed069","keyframes":{"opacity":[1,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-648cfdc1-8a1d-4b95-8c3c-0630adc19fc8","keyframes":{"transform":["scale(3)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-cadd37d6-ffec-4987-a0a1-eecc4d4cd522","keyframes":{"transform":["rotate(-540deg) scale(0.1)","none"],"opacity":[0,1]},"delay":0,"duration":1000,"fill":"both","iterations":1}] Caption Pic Credit: Pinterest n

Unlike centralised digital currencies and central banking systems, Cryptocurrencies use decentralised control.

[{"selector":"#anim-5d007071-cb2a-4cde-9072-ab309cd5dc82","keyframes":{"opacity":[1,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-76a692db-1ab6-46b8-963b-4def1cafc1a2","keyframes":{"transform":["scale(3)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-33d62dc9-9d1a-4b34-bcd1-5d51068cd6e6","keyframes":{"transform":["rotate(-540deg) scale(0.1)","none"],"opacity":[0,1]},"delay":0,"duration":1000,"fill":"both","iterations":1}] Caption Pic Credit: Pinterest n

Decentralised exchanges allow users to trade cryptocurrencies without the need for a third party. Cryptocurrencies can also be used to purchase goods and services.

[{"selector":"#anim-8f3cdaa6-959d-4e68-bf72-f27ae20893c6","keyframes":{"opacity":[1,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-58e9724d-0ec0-4b07-9bde-e88dee7a4bb3","keyframes":{"transform":["scale(3)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-a48e2f7c-674d-49a3-a967-f52c55db086e","keyframes":{"transform":["rotate(-540deg) scale(0.1)","none"],"opacity":[0,1]},"delay":0,"duration":1000,"fill":"both","iterations":1}] Caption Pic Credit: Pinterest n

The first cryptocurrency Bitcoin was created in 2009.

[{"selector":"#anim-1c72db5b-41b7-44de-b993-a8a80aa189f0","keyframes":{"opacity":[1,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-b0b86672-cc20-4850-a28e-0fb3a7ad10c1","keyframes":{"transform":["scale(3)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-28a9a09d-ea92-471c-bbfb-91c9b2fba68e","keyframes":{"transform":["rotate(-540deg) scale(0.1)","none"],"opacity":[0,1]},"delay":0,"duration":1000,"fill":"both","iterations":1}] Caption Pic Credit: Pinterest n

Thousands of other cryptocurrencies have since been created, each with their own unique features and value proposition.

[{"selector":"#anim-c9f7b9c0-2ac4-4759-9309-1dfe066e296c","keyframes":{"opacity":[1,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-97bcd0c4-5759-4dd8-835f-7a39bcf57489","keyframes":{"transform":["scale(3)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-f1cae54a-b867-423f-884c-16a50911c9ee","keyframes":{"transform":["rotate(-540deg) scale(0.1)","none"],"opacity":[0,1]},"delay":0,"duration":1000,"fill":"both","iterations":1}] Caption Pic Credit: Pinterest n

The value of cryptocurrencies is highly volatile and prone to speculation and fraud.

[{"selector":"#anim-9d5b4c86-073c-4426-8669-61d06343ccb8","keyframes":{"opacity":[1,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-025ccf72-7c20-475b-9bec-262f05b814d3","keyframes":{"transform":["scale(3)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-f79dd7a6-d17a-4fb4-aca8-dadf1fdc5da9","keyframes":{"transform":["rotate(-540deg) scale(0.1)","none"],"opacity":[0,1]},"delay":0,"duration":1000,"fill":"both","iterations":1}] Caption Pic Credit: Pinterest n

Cryptocurrencies offer significant profit potential and some believe they could eventually replace traditional currencies.

[{"selector":"#anim-1c2f8a6b-9374-4c31-a71e-15af4a4decdb","keyframes":{"opacity":[1,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-0fbcf926-0622-4f08-b07d-11c248890a54","keyframes":{"transform":["scale(3)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-b4e151b9-b167-4cbd-b1a5-61ffe3fd2c77","keyframes":{"transform":["rotate(-540deg) scale(0.1)","none"],"opacity":[0,1]},"delay":0,"duration":1000,"fill":"both","iterations":1}] Caption Pic Credit: Pinterest n

The future of cryptocurrency is uncertain but it is a rapidly growing and evolving field

[{"selector":"#anim-81fa60f9-8f10-4441-8b91-4096b0420d65","keyframes":{"opacity":[1,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-b16e8aea-205b-4060-83f2-d6c9d67e3674","keyframes":{"transform":["scale(3)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-e3567a0f-203a-42ba-8b3d-36e603935fa7","keyframes":{"transform":["rotate(-540deg) scale(0.1)","none"],"opacity":[0,1]},"delay":0,"duration":1000,"fill":"both","iterations":1}] Caption Pic Credit: Pinterest n

As more people learn about cryptocurrencies and their potential benefits, they are more likely to adopt them.

[{"selector":"#anim-f09f5120-9ae5-49da-bf40-d09890b76f5f","keyframes":{"opacity":[1,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-1c9a4382-d13e-4c15-b438-a1dcd62083ec","keyframes":{"transform":["scale(3)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-3f211eee-a8fd-4e79-9d64-362ef44df3ad","keyframes":{"transform":["rotate(-540deg) scale(0.1)","none"],"opacity":[0,1]},"delay":0,"duration":1000,"fill":"both","iterations":1}] Caption Pic Credit: Pinterest n