It all started with bitcoin. Before the invention of this world’s first digital coin, people only knew about centralized currencies. Yes, the currencies that were controlled by and governed by governments and banks. Every transaction you made was stored into the government records with your name. At the same time, the success of your transactions depended on your bank’s consent. You can say that a bank had complete access to your money and any malicious activity within the bank could end you up with stolen money. Bitcoin brought the idea of a decentralized currency into the world – a currency that was not directly controlled by banks and governments.
The motive behind the invention of bitcoin was not really an international digital currency. The main idea was to create a currency for P2P platforms to share value among users. The idea was not only successful but it also proved to be the next internet. It turned out to be a currency that could change the way currency moved around the world. A new financial market was born and the mother of this market was bitcoin, after which many other currencies have come and many are still coming and becoming a part of this highly dynamic financial market.
You should keep in mind that not all the countries accepted cryptocurrencies as legal currencies. The government had their doubts and at one point, they all thought that it was just a fad or some way for hackers to attack the monetary system around the world. With the passage of time, these governments realized that cryptocurrencies had the potential to revolutionize the world more than smartphones did.
The volatile nature of the cryptocurrency market makes it a huge attraction for bold traders. At the same time, it opened doors for new traders to make a lot of money in less time. Of course, the associated risks with these trades are just as high. Take a look at a small description of each cryptocurrency and find out for yourself why you should invest in one of them.
Bitcoin, being the first digital coins, is also the most valuable cryptocurrency produced to this day. It has a very limited supply and that’s why its value is extremely high with thousands of dollars making up for just one bitcoin on average. The price fluctuates a lot for this cryptocurrency. Within a day, you could see the price move by 20% or even more.
Developers looking to create new blockchain applications usually look at Ethereum platform first rather than getting into the complex coding of their application from scratch. Ethereum remains the second biggest and valuable cryptocurrency after Bitcoin. Despite experiencing fluctuations in its value, it usually remains quite expensive with its exchange value staying over $100 for each Ethereum token most of the times.
Now you know what these currencies are all about and how they hold the key to the future of the world. With Duxa Capital , you have the best opportunity to invest in your future.
The symbol for Ripple token is XRP. You have to use this token to send and receive money on its network. The transactions costs on this network are so low you could nearly ignore them.