Cryptocurrency facts you should know

Before you consider diving into the cryptocurrency craze, here are some facts you should know

Digital currencies are exceptionally volatile: This derives from the fact that virtual currency trading occurs on various cryptocurrency exchanges rather than a central exchange increasing volatility..
Ex: bitcoin, the world's most popular cryptocurrency, has undergone four corrections of at least 20% over the past six months!

"Miners" play a critical role: Crypto-mining involves using high-powered computers to solve complex mathematical equations on a competitive basis to verify and log transactions, hough the hardware and electricity costs can be enormous, mining can also be extremely rewarding!

Blockchain is where the real value lies: Blockchain technology is the infrastructure that cryptocurrencies like bitcoin are founded on, transfering transactions in a safe and efficient manner. It's also the big reason why big businesses are so excited.

Cryptocurrencies are banned in a number of countries: illegal in a half-dozen countries: Bolivia, Bangladesh, Nepal, Morocco, Kyrgyzstan, and Ecuador. And there's the genuine possibility that this list may grow.

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