What is cryptocurrency?

Home » ALTCOINS » What is cryptocurrency?
2017-12-27
Photo: coino
What is cryptocurrency?

Many people more and more often ask themselves, what is cryptocurrency?

This is a very important issue to understand and discuss before jumping into the world of cryptocurrencies. In summer The United States Securities and Exchange Commission has claimed that certain types of ICOs are actually securities. This decision is very influential for the world of cryptocurrencies as many countries will follow the experience of USA in 2018. Well, Singapore has already done it. Many crypto enthusiasts believe that most cryptocurrencies (Bitcoin, Ethereum, Litecoin and many others) can not be considered as legalized way of payment. There are a number of reasons for it.

First of all, the cryptocurrencies, as mentioned above, are under regulated.

Secondly, we still need to work hard on the spreading the digital currencies among the people of different nations. Due to the most recent polls in India, 97% of companies are aware of cryptocurrencies, but only 22% already use it as a payment. This is definitely not enough to legalize certain cryptocurrencies as the way of payment. A number of important Data Scientists claim that most people still consider this sphere more as an investment, that can bring easy money in a short period of time.

Most probably the next stage of the development of the world of digital money will be its legalization as a way of payment in the European countries. But it can not happen now for a number of reasons. In conclusion, it is definitely worth investing in cryptocurrencies and spread the news about it among the people. However, the current world is much more dynamic than it was a decade ago.

That is why the conception of cryptocurrencies is always evolving and developing.
They are not the same as they were in 2010. It is only the matter of time what it will become in the future.

Best regards. Coino.biz Team

CRYPTOCURRENCIES
  • bitcoinBitcoin$3,947.44
  • ethereumEthereum$146.26
  • rippleXRP$0.325712
  • tetherTether$1.00
  • eosEOS$3.81
  • stellarStellar$0.088827
  • litecoinLitecoin$50.71
  • cardanoCardano$0.046919
  • tronTRON$0.024848
  • moneroMonero$50.90
  • iotaIOTA$0.309634
  • nemNEM$0.043409
  • dashDash$86.78
  • neoNEO$9.05
IBM used blockchain to ship 28 tons of citrus fruits from China to Singapore
On the eve of the Chinese New Year celebration, the technological giant IBM delivered 28 tons of oranges and tangerines from China to Singapore. When issuing a bill of lading confirming the contract of shipment, the blockchain technology was used, reports CoinDesk. IBM experts note that the electronic bill of lading (e-BL) has accelerated administrative […]
2019-02-19 0 12
What Can I Buy with BTC and What Sites Use It?
In the autumn of 2017 cryptocurrency fever triggered a high interest among trade agents in using BTC as payment method both for online and offline commerce. People were thrilled and excited. Searches on Google like “where to pay with bitcoin”, “where to spend bitcoin”, “bitcoin stores” were most frequent those days.  Unfortunately, raising fees for […]
2019-02-18 0 39
The media confirmed the launch date of the test network Telegram Open Network
The Telegram Open Network (TON) blockchain platform, behind which the popular messenger operator stands, is 90% complete, and the launch of the test network is scheduled for the end of March 2019. It is reported by The Block, with reference to the report received by the investors of the project. As the newspaper notes, Telegram […]
2019-02-11 0 15
Media: the cost of the Telegram internal cryptocurrency could reach $ 30 billion
By the end of 2019, the total cost of the internal token Gram of the blockchain project Telegram Open Network (TON) could reach $ 29.5 billion. The Bell reports with reference to the report HASH Crypto Investment Bank. According to the investment company, the target cost of 1 Gram token by the end of 2019 […]
2019-02-07 0 11
© 2017–2018