Things That Look Positive for Cryptocurrencies

What is Bitcoin?

Bitcoin is a decentralized, peer-to-peer digital currency system designed to allow online users to process transactions through the digital unit of exchange known as Bitcoins. In other words, it is a virtual currency.

The Bitcoin system was created in 2009 by an unknown programmer. Since then, Bitcoin has gained a lot of attention, as well as controversy, as an alternative to the US dollar, the euro and commodity currencies such as gold and silver.

rise in popularity

Bitcoin did not gain much attention in the business and financial world until 2009. It rose to prominence in 2011-2012, when it won more than 300%. Bitcoin has seen a 400% increase in value since August of last year. As a result, venture capital firms and investors around the world continue to place importance on cryptocurrency.

In the first half of 2014, venture capital firms invested $57 million in Bitcoin in the first quarter, and another $73 million in the second quarter, totaling $130 million, which is 50% higher than last year’s $88 million. This is in stark contrast to the scenario of 2012, where Bitcoin companies raised a relatively meager amount of $2.2 billion.

These statistics definitely prove that Bitcoin is worth your investment, which begs the question: How can you buy and invest in Bitcoin?

A Bitcoin Investor’s Guide for Beginners

The easiest and most complicated method of investing in Bitcoin is to buy bitcoins. There are many established companies, mainly in the US as well as abroad, involved in the business of buying and selling bitcoins, abbreviated as BTC.

Coinbase

If you live in the US, Coinbase is the place you’re looking for. Coinbase offers BTC to its customers at a markup of 1% over the existing market price. Residents of the United States have the option to sync their Coinbase wallets with their bank accounts. As a result, future payment transfers are made hassle-free. This company also allows you to buy bitcoin automatically from time to time. For example, if you are interested in buying $50 worth of bitcoins at the beginning of each month, Coinbase allows you to set up an automatic purchase for that amount.

Please read the terms and conditions before using this service. If you are subscribed to an automatic bit coin service, you will not be able to control the price at which BTC is purchased each month. Note that Coinbase does not operate as a Bitcoin exchange, meaning you buy and sell coins directly from the company. Because the company has to pull coins from other buyers, you may experience delays or interruptions in placing orders in the fast moving market.

BitStamp

BitStamp fits the requirements of a traditional bitcoin exchange. Bitcoin acts as an intermediary, allowing you to trade with other users and not with the company. Liquidity is higher here and you always have a good chance of finding someone willing to trade with you. There is an initial fee of 0.5%, which can be reduced to 0.2% if you trade $150,000 within 30 days.

Alternative ways to buy Bitcoins

Local Bitcoins

Exchange is not the only method of investing in bitcoins. Local Bitcoins are often used to buy BTC offline. The website is designed to connect buyers and sellers. Bitcoins are held by the seller in an escrow and can only be released to buyers.

Buying Bitcoins offline is not always very reliable or safe. That’s why it’s best to meet the dealers during the day and let a friend tag along with you in case things go south.

Bitcoin is not just a modern trend. Venture capital firms believe that Bitcoin is a decent substitute for traditional currency in the long run. There are no-nonsense ways to enter the Bitcoin investment arena. As mentioned earlier, Coinbase, BitStamp and Local Bitcoins are the most popular channels for investing in bitcoins in the United States. Do your homework and find out which avenue ticks all your boxes.

WHAT ARE ALTERNATIVE INVESTMENTS?

An alternative investment is a class of investment that is not covered under any Government regulation like RBI, SEBI, IRDA and PFRDA. Refers to a private investment fund: a trust or company.

Here are some alternative investment perspectives that may influence your investment decisions:

#1 COUNT IN ABSOLUTE RETURNS

You invest to get more money than you started with. It means you’re looking for absolute return: the main focus is how much you actually earned.

Invest in assets that you believe will do well; don’t invest in a product because it is likely to outperform the market. Get your analysis.

#2 RETURNS ARE ONE DIMENSIONAL, RISK IS MULTIDIMENSIONAL

When it comes to investments, returns are easy to calculate. Stay focused on risky alternative investment assets as well. Prepare a list of relevant risks. You need to be clear about the risks involved in your investment, as it will help you make a calculated decision.

Also, if something unexpected happens, you will be able to make better decisions if you have thought about the risks before investing.

#3 RECOGNIZE THE SOURCE

Understand what will affect your investment returns. While maintaining your investment, monitor the value of your investment.

Constantly review your assumptions about the drivers of return on investment, if they do not match your parameters or expectations, reconsider your investment.

#4 WEDDING IS GOOD

What is not traditional is alternative. An alternative investment consists of investment ideas that are not immediately obvious. For example, cryptocurrency.

Constantly learning, exploring, researching, learning and looking outside your comfort zone is the key to financial success.

#5 DIVERSIFICATION IS A MUST

Holding a mix of assets that are equally good but behave differently will keep your portfolio’s return intact while also reducing risk.

Diversification means building a portfolio with a wide variety of return drivers and risk parameters, not just different assets.

Most of us see investing in alternative investments as very risky. However, if you want to live a successful and fulfilling life and retire with enough money to enjoy your retirement years, you need to take calculated risks. This includes risks in your relationships, risks in your career, and risks in your investments.

While taking smart, calculated risks is essential to achieving your life goals, remember that taking bad risks and losing them can backfire, sometimes dramatically. However, it may help to remember that taking smart risks is just as easy as making wise decisions.

A framework for making good decisions

I have learned a lot in my life by observing others and through my personal experiences, both good and bad. So when I consider taking a risk in any area of ​​my life, here are the questions I ask myself:

1. What are the risks? be honest Don’t let your emotions prevent you from carefully considering all possible dangers. There are pains.

2. What is the probability of a risk becoming true? Be truthful. Use real data whenever possible by doing research and talking to others.

3. What are the prizes? Be realistic. Can you really quit your day job and dedicate ten hours a week to something and make $100,000 a year? (Probably not.)

4. What are the possibilities of these prizes? Be reasonable. Find out how many others have done something similar.

5. What other options do I have? Be creative. Don’t limit yourself. Consider all options.

6. Do I have to make this decision today? Probably not. Take the time you need to do your research and consider your options.

After you finish answering these six questions, remove your emotions from your decision and ask what your gut is telling you. Also, never forget the danger of the wild card; you don’t know what you don’t know!

Bitcoin is a cryptocurrency that can be spent, saved, invested, and stolen. Trading with Bitcoins used to be considered risky, but current trends show that there has been a lot of success in the binary options sector. This decentralized currency is not owned by any government or central authority.

What determines the price of Bitcoins?

The price of Bitcoin is determined by the ratio of supply and demand. The price goes up when the demand increases, the rate goes down when the demand goes down. Bitcoins in circulation are limited, and new ones are created at a very slow rate. Since it does not have enough cash reserves to move the market price, its price can be very volatile.

Bitcoin trading is popular –

• Low inflation risk – Inflation is the biggest problem for traders because all currencies lose some of their purchasing power when the reserve banks keep printing more currency. Since the Bitcoin minting system is limited to 21 million Bitcoins, it has almost no effect on inflation.
• low risk of collapse – Currency fluctuations depend on government trade policies, which sometimes lead to hyperinflation and even currency collapse. Bitcoin is a virtual universal currency that is not regulated by any government.
• Simple, safe and cheap – Bitcoin payments are made peer-to-peer without intermediaries, which is why it is easy and cheap.
• Easy to carry – Millions of dollars worth of Bitcoins can be carried in your pocket, on a memory stick. This cannot be done with gold or cash.
• Elusive – Bitcoin issuance is not regulated by any government, so the risk of seizure is zero.

Binary options Bitcoin trading platform

Binary options brokers are becoming aware of the popularity and constant volatility of these Bitcoins. Therefore, they are using this option to offer merchants the latest volatile cryptocurrency as an additional payment method. Bitcoin brokers that offer the cryptocurrency as a trading option include:

• One Touch Option – Bitcoin trading can be done with AnyOption or One Touch Option. For example, a popular current currency pair is BTC/USD.

• SetOption – The latest option available for asset trading is BITCOIN/USD.

Bitcoin brokers offer a simple online trading platform. All you have to do is visit their website, enter your details and create an account. You can start with a demo account to understand the market action.

The trading screen is simple.

• Choose price direction (UP/DOWN)

• Choose a time frame

Is Bitcoin trading safe?

The Bitcoin network is probably the world’s largest computer expansion project. The most common vulnerability here is user error. Bitcoin wallet files can be accidentally lost, stolen or deleted just like any other file in digital form.

However, users can use security strategies to protect their money. Alternatively, you can choose service providers that offer superior security, including insurance against loss or theft.

Peer to peer technology has evolved to accommodate payment systems, with Bitcoin as an example. It is a digital currency that can be used for personal and business transactions at a reasonable cost. Sometimes called the Internet currency, Bitcoin is not subject to any central authority. It was created about five years ago, and the rise has increased, and many speculators have said that this rise will continue for the foreseeable future.

More about Bitcoins

Bitcoin is a description of the actual technology at play. These coins represent the currency itself and are transacted. They are sent or received through wallet software running on a PC, web application or smartphone. They can be obtained through product and service exchanges or through mining.

What is Minning?

Mining is simply the process of creating new bitcoins. For each transaction that takes place, records are stored sequentially in a public database called a blockchain. These blockchains are maintained by miners, whose reward is newly created bitcoins.

Using Bitcoins

These coins are easily obtainable for different currencies. The painless way is to buy with cash. There are companies that provide exchange services to their clients with rates determined by factors such as volume.

There are people who have invested in bitcoins in the hope that their value will rise. Although this credibility is undeniable, it carries with it some risk. There are weaknesses in these coins, and this factor makes large-scale investments difficult. This coupled with some inherent limitations such as the irreversibility of transactions, the volatility of Bitcoin’s exchange rate and limited user discretion make it a reserve for sophisticated investors only. On the other hand, however, Bitcoin can prevent inflation, making it ideal for places where national currencies are problematic.

The future of these coins

Bitcoins have received a mixed reaction in the market. Some economists say that this technology has provided the long-desired digital currency. Others have found it less convincing, arguing that its unreliability and its volatility are disappointing. Regardless, many merchants have warmed to it, and its growing popularity means it will succeed as a mainstream payment method.

If you are new to Bitcoin and spend a lot of your time online, you should give it a try. It offers unparalleled flexibility and convenience that is missing from other payment gateways.

With a 35,000% increase in value in 2017 and a market capitalization of over $118 billion, Ripple has become a hotly debated topic among analysts and investors. But what is Ripple? Is it like other cryptocurrencies? Why has it been under fire lately? Read on for answers to these questions.

1. What is Ripple?

Ripple is a payment solutions company founded by Chris Larsen and Jed McCaleb. Their Ripple Transaction Protocol (RTXP) contains the XRP cryptocurrency. Ripple claims to provide faster, reliable and affordable transaction solutions for financial institutions. The company has created one hundred billion XRP and currently holds 61% of the coins. The current plan is to release a billion coins every month.

2. Differences between Ripple and Bitcoin

Both Bitcoin and Ripple are cryptocurrencies that use blockchain technology. But, there is a key difference between the two: unlike Bitcoin, Ripple cannot be mined. The currency is not configured as a fiat currency, and its use is fixed on the Ripple network.

Both Bitcoin and Ripple use validator nodes to validate ledgers. Bitcoin has about 10,000 trusted nodes, while Ripple has only five. However, the company plans to add 11 more in the next 18 months. All five validation nodes are controlled by Ripple. XRP has been criticized for not having an independently trusted validator. XRP Ledger is available to everyone, so anyone can download it and become a validator. Many companies run their own nodes on the Ripple network.

3. Reasons for Ripple’s recent price increase

XRP’s recent price surge has a lot to do with the currency’s expected use by financial institutions and investment by gullible investors. Ripple has been successful in winning over banks as customers for its other products. Financial institutions have preferred Ripple’s xCurrent because it offers real-time communication and fast corrections, thereby reducing delays in banking transactions. The company plans to introduce a new product, xRapid, which includes XRP. The new product is seen by banks as an opportunity to use XRP. Investors see the currency’s potential as a means of finance used by banks around the world.

Ripple, or more precisely, XRP, is an up-and-coming cryptocurrency. Bitcoin differs from mainstream digital currency in that its supply is controlled by the founding company. Ripple is talking about what banks will take over in the future. It can be speculated that Ripple’s recent rise in value will fuel further debate about its viability as a cryptocurrency asset.

The cryptocurrency market boomed in 2017-2018; the total market capitalization of cryptocurrencies reached 700 billion dollars last year. With the huge market potential offered by cryptocurrency, digital currency trading is booming and several crypto exchanges were launched within a year and more are still being developed. Crypto exchanges are platforms where traders can exchange cryptocurrencies for other cryptocurrencies or fiat currencies.

Panaesha Capital Exchange (PCEX) is a cryptocurrency trading platform that will be launched in Q3 2018. PCEX is safe, fast, offers high liquidity and uses a broker channel for added security. The platform is a unique trading solution; offering cryptocurrency exchange and cryptocurrency exchange.

Advantages of PCEX

Multifunctional Exchange Platform

Many crypto exchanges, even prominent platforms, only support crypto-to-crypto trades, forcing traders to conduct their activities on multiple exchanges. Crypto traders first buy cryptocurrencies in exchange for fiat money on a particular platform and then distribute the currency to various trading platforms to ensure liquidity and profit. To convert digital currencies to fiat, traders have only a few platforms to choose from. PCEX is a comprehensive solution that offers high liquidity; crypto traders can do all their trades on a single platform and will also be assured of significant returns.

High liquidity

To promote the liquidity of PCEX’s digital assets, the platform includes all the essential attributes for fast exchange;

Easy user interface to facilitate the transaction process. PCEX is similar to the format of the National Stock Exchange, for your knowledge.

Low transaction fees (PCEX requires little fees to trade on the platform).

Sophisticated buy-sell procedure through a leading matching engine. Trade orders will be linked quickly on the platform.

High caliber order matching

PCEX users are offered a limit trading procedure to buy or sell assets at the price they set; The matching engine will try to improve the sale by matching the user’s trade with a better price for a limited time. The limit time will be set by the traders after which the trade order will be removed from the platform. PCEX has the ability to quickly match orders through a leading order matching engine.

Cheap rates

To trade on PCEX, crypto traders will only pay two fees: transaction fees and withdrawal. The transaction fee of PCEX is much lower than the fees of other platforms that offer similar services. A significant portion of transaction fees goes to PCEX brokers and sub-brokers; the platform will receive a smaller portion of the cut.

Broker and Sub-Broker channels

Crypto-trading brokers and sub-brokers is a unique feature of the PCEX trading platform. Crypto exchange platform traders usually have poor customer support and slow reaction time. PCEX solves this drawback by using a fleet of brokers and sub-brokers to personally assist traders with each trade. PCEX traders will be assigned a single point of contact who can be contacted at any time for assistance. There will be no dark periods of no response with PCEX.

Through the broker channel and exceptional services, PCEX aims to build long-term relationships with users. The broker channel also adds a layer of security to the platform.

Great Security

By the way, PCEX has several layers of security. The platform has a Clark-Wilson Model of security architecture to ensure data integrity. The security system will verify that the PCEX information is supported, preventing data breaches all together. Secure platform operations require auditors to cooperate; devices and identities are there to protect the website. PCEX provides crypto traders with an impenetrable level of security and keeps traders’ identity and digital assets safe from hackers and accidental losses.

All PCEX users, brokers and sub-brokers must complete the KYC/AML protocol; PCEX is preparing for future regulations. Traders can also ensure legal behavior on the platform.

Conclusion

Cryptocurrency trading is a volatile environment with prices falling and falling almost daily. Price volatility depends on country or state regulations, security, vendor acceptance of digital currencies, major players, etc. Cryptocurrency trading offers a much higher return on investment than traditional; early investors in cryptocurrencies made millions in profits in 2017-2018.

To support the growing demand for digital currencies and digital currency trading platforms, PCEX adopts an advanced framework with full-service tools. Everything a crypto-trader could ask for to make trading smooth and effortless is available at PCEX. Indeed, PCEX goes the extra mile.

Explore the new and extraordinary crypto exchange at http://www.pcex.io.

Bitcoin (BTC) is a new digital currency with cryptographic keys that is decentralized on a network of computers used by users and miners around the world and is not controlled by a single organization or government. It is the first digital cryptocurrency to gain public attention and is accepted by more and more merchants. Like other currencies, users can use the digital currency to buy goods and services online, as well as in some physical stores that accept it as a form of payment. Currency traders can also trade Bitcoins on Bitcoin exchanges.

There are some major differences between Bitcoin and traditional currencies (such as the US dollar):

1. Bitcoin has no centralized authority or clearing house (such as a government, central bank, MasterCard or Visa network). The peer-to-peer payment network is managed by users and miners worldwide. Currency is transferred anonymously between users directly over the Internet, without going through a clearing house. This means transaction fees are much lower.
2. Bitcoin is created through a process called “Bitcoin mining”. Miners around the world use mining software and computers to solve complex bitcoin algorithms and accept Bitcoin transactions. They are rewarded with new Bitcoins created by solving transaction fees and the Bitcoin algorithm.
3. There is a limited amount of Bitcoins in circulation. According to Blockchain, there were about 12.1 million in circulation as of December 20, 2013. The difficulty of mining Bitcoins (solving algorithms) becomes more difficult as more Bitcoins are created, and the maximum number in circulation is limited to 21 million. The limit will not be reached until approximately 2140. This makes Bitcoins more valuable as more people use them.
4. A public ledger called the ‘Blockchain’ records all Bitcoin transactions and shows the holdings of each Bitcoin owner. Anyone can access the public ledger to verify transactions. This makes the digital currency more transparent and predictable. More importantly, transparency prevents fraud and double spending of the same Bitcoins.
5. The digital currency can be obtained through Bitcoin mining or Bitcoin exchanges.
6. Digital currency is accepted by a limited number of online merchants and some brick-and-mortar retailers.
7. Bitcoin wallets (similar to Paypal accounts) are used to store Bitcoins, private keys and public addresses, as well as to anonymously transfer Bitcoins between users.
8. Bitcoins are not insured and are not protected by government agencies. Therefore, secret keys cannot be recovered if they are stolen by a hacker or lost to a failed hard drive or due to the shutdown of a Bitcoin exchange. If the secret keys are lost, the associated Bitcoins cannot be recovered and would be out of circulation. Visit this link for a frequently asked question on Bitcoins.

I think Bitcoin will gain more public acceptance because users can be anonymous while buying goods and services online, transaction fees are much lower than credit card payment networks; the public ledger is accessible to anyone, which can be used to prevent fraud; the currency supply is limited to 21 million, and the payment network is managed by users and miners instead of a central authority.

However, I don’t think it’s a great investment tool because it’s very volatile and not very stable. For example, the bitcoin price grew from around $14 to a peak of $1,200 USD this year, before falling to $632 per BTC at the time of writing.

Bitcoin rallied this year as investors speculated that the currency would gain greater acceptance and rise in price. The currency fell 50% in December after BTC China (China’s largest Bitcoin operator) announced that it could no longer accept new deposits due to government regulations. And according to Bloomberg, China’s central bank banned financial institutions and payment companies from handling bitcoin transactions.

Bitcoin will gain more public acceptance over time, but its price is highly volatile and highly sensitive to news (such as government regulations and restrictions) that could negatively affect the currency.

Therefore, I do not suggest investors to invest in Bitcoins unless they have purchased less than $10 USD per BTC, as this would allow. a much larger margin of safety.

Otherwise, I think it is much better to invest in stocks with strong fundamentals, as well as excellent business opportunities and management teams, because the underlying companies have intrinsic values ​​and are more predictable.

Disclosure: Victor Liang has no position in Bitcoins and has no plans to change his position in the next 72 hours.

Cryptocurrency scams have rocked the financial industry since the day bitcoin rose to prominence and unfortunately, it is estimated that over a billion dollars have been lost to such scams. At the same time, millions are lost every year to such scams. We hope that you will not fall for such scams and therefore present this article that will help you in one way or another to learn about the many crypto scams that exist.

These are the types of Cryptocurrency Scams –

Gift scams

It is extremely difficult to have a legitimate gift that would require someone to send you money. On social media, you have to be careful with these types of text messages. They may be derived from accounts that may look the same depending on the type an individual knows and really likes, but this will be part of the trick. As for the many responses thanking the mentioned accounts for their generosity – they are simply fake business accounts or bots deployed in giveaway scams.

Fake mobile apps

When the customer installs a malicious application, everything may seem to work as intended. On the other hand, these programs are specifically designed to steal your cryptocurrencies. Within the crypto arena, there were many cases where customers downloaded malicious apps impersonating major crypto companies.

In this situation, when the user is typically presented with an agreement to fund their wallet or receive payments, they are sending money to a fraudster’s address. Of course, when the money is transferred, there is no undo button.

Pyramid and Ponzi schemes

In a Ponzi scheme, you may notice an investment opportunity with some profits that is the first red flag. Generally, you will see this particular scheme disguised as a portfolio management service. The truth is, there is no magic formula here, the “returns” earned in the office are just other investors’ money.

In a new pyramid scheme, the people involved need a bit more work. Usually, at the top, the pyramid will be the coordinator. They will hire a specific number of men and women to work under these people at a specific level, and each man and woman will get their own number of people, and so on. As a result, you end up with a remarkable structure that grows exponentially and results disguised as a pyramid as new levels are made.

2021 has become a boom year for DeFi. The DeFi market is growing very fast, and it’s hard to keep up with all the changes.

Why is DeFi so special? The crypto market provides an excellent opportunity to earn more money in many ways: decentralized exchanges, profit aggregators, credit services and even insurance – in all these projects you can save your tokens and get a reward.

But the hottest money making trend has its tricks. New DeFi projects are launching every day, interest rates are constantly changing, some pools cease to exist, and keeping track is a huge headache, but you should.

Well, the solution is here. We have created a ranking service for DeFi profit farming projects that will help you find a reliable project with the highest interest rates for safe cryptocurrency and token investment.

DeFiEarns.com crypto yield farming ranking aggregator was launched on August 1, 2021.

It maintains 56 projects: DEXs (PancakeSwap, MDEX), Yield Farms, Yield Aggregators/Optimizers (PancakeBunny, Beefy Finance, AutoFarm), Lending Platforms (Venus, Annex Finance), as well as Leveraged Yield Farming projects Alpaca and Alpha Home as they appear there.

DeFiEarns.com currently supports only 3 networks – Ethereum Mainnet, Binance Smart Chain and Polygon. But after 2 months it will be completed with other popular networks.

The clear interface and easy filters make everything easy. DeFiEarns.com users can find interest rates for both a single token and a pair of tokens in multi-token pools where 3 or 4 tokens can be held. Investors can track ranking change history and Total Value Locked (TVL) across different pools and holdings.

Don’t lose your profit just storing your tokens in vain – multiply your crypto at DeFiErans.com

But keep in mind that investing in DeFi is risky: permanent losses, hacking of projects, Oracle errors and high volatility of cryptocurrencies – these are the problems that farmers of DeFi profits face all the time.

How defieearns.com works

Simply follow the link to DeFiEarns.com and type the name of your token into the search box; then choose the best interest rate but don’t forget to check the TVL first. The higher the TVL rating, the more reliable the project.

You can also find out which company has audited the project at DeFiEarns.com.

What defearns.com stands for

We keep everything simple and pursue only one idea: to allow all DeFi enthusiasts to choose the best interest rates for all projects.

Questions have been raised as to whether bitcoin is becoming a multi-layered system. Well, the answer is yes. This article aims to outline the different layers on top of bitcoin. It’s all yours!

Have you heard of people referring to bitcoin as digital gold? Clearly, cryptocurrency is rapidly gaining popularity and acceptance in the crypto world. The value of the coin is estimated to rise higher. However, it is noted that the coin can gain or lose 50% of its value overnight. This causes speculation among investors, but the coin is still “digital gold”. And to know whether bitcoin is a multi-layered system or not, it is necessary to know that bitcoin is in two main layers. These are semantic mining and layering.

Mining layer

This is the layer where the coin is created. In addition to bitcoins, ether is also created in this layer. After coins are created, blocks of valid bitcoins are transferred to the ledger. Here, currency creation takes place. It should be noted that the currency is created from transactions in blocks of bitcoins. Blocks are known as transaction fees. The currency can also be generated from the network itself, or you can say “out of thin air”. The main advantage of generating currency from the network is that it provides incentives to miners.

Semantic layer

This provides a very important platform. The semantic layer is the layer where bitcoins are used as a means of payment. It also provides a platform to use Bitcoins as a store of value. The layer seems very important, doesn’t it? Holders of Bitcoin currency sign valid transactions, which indicate that they begin transferring bitcoins between nodes in the semantic layer. Transfer can also be made possible by creating smart contracts. Smart contracts transfer coins between different accounts.

Lightning Network

You probably don’t know about the lightning network. It is the latest invention that has been popularized by the Bitcoin community. This layer will have the ability to run on top of bitcoin. With this invention will come an application layer on top of bitcoin. It will be very exciting. The most interesting aspect is that its value can also be used to make payments. This will be possible by transporting its value between people. With the invention of the lightning network, bitcoin will become the transport layer as well as the application layer.

As of today, the value of bitcoin is estimated to be around 9 billion USD. It is also known that bitcoin is a decentralized cryptocurrency. This means that it operates without the control of a bank or administrator. Bitcoin is surely taking the crypto world by storm.

It is also important to note that the technology used in bitcoin mining is called blockchain technology. It works by enabling the distribution of digital information, not copying. Cryptos are really an exciting topic and in the near future bitcoins may overtake our major currencies.