CRYPTO CURRENCY

      

        CRYPTO CURRENCY 

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Now a day everybody know about the cryptocurrency , and it become a common topic for everyone. If you don't know what is cryptocurrency then let me tell you that the cryptocurrency is a virtual currency which is made by data coding Now a day over 4000 cryptocurrency are available on the internet but the most common and the first introduced cryptocurrency was Bitcoin . The Bitcoin was created  Satoshi Nakamoto . Everybody know his name but his identity is still mystery.

Use of cryptocurrency : cryptocurrency is a virtual coin and there was rule and regulation applied on this cryptocurrency so so many peoples do their transaction in Bitcoins to transfer the money from one country to another or made the transaction of huge amount so so they can save the text and do there transaction easy the most use of cryptocurrency was done by the uses of dark web if you don't know what is dark web we already made a block upon this topic you can check out from where official website www.poweruptechpro.blogspot.com

Search about the dark web here .⬆️

Investment : cryptocurrency is also a source of investment but this is investment is most risky and beneficial investment in the world because it can fall any time to zero it can be go away in the amount of lakh or crores this investment can make billionaire in 1 minutes or can make you beggar in one minutes.

Fear of hack : many people think that the cryptocurrency is a virtual currency so it can be hack very easily, that is not true, the cryptocurrency used peer to peer networking , if you don't know what is peer to peer networking then let me tell you that, Peer-to-peer networking is a distributed application architecture that partitions tasks or workloads between peers. Peers are equally privileged, equipotent participants in the application. The data cannot come from one network so it is difficult to trace the sender or the receiver. This also help the sender and receiver to hide their identity and with it make the transaction safe and Secure.

Cryptocurrency legal or illegal :

Many people think that as there was no rule and regulation on the cryptocurrency of the government so it is illegal , that is not true , actually it is legal everywhere and many application and website allow to make transaction in cryptocurrency and also allow to convert the virtual cryptocurrency into real money the most common application is the PayPal.

In our views there is no requirement of cryptocurrency in our daily life or even in a world of Technology because via cryptocurrency many people save their tax bye not paying which have direct bad effect on country's economy after read this blog many people think think to invest in cryptocurrency by taking the risk but in our views there are many other good ways of investment instead of cryptocurrency investment because in other investment there was less risk of loss of money as compared to the cryptocurrency investment . So please don't try to invest or buy the cryptocurrency use the the real money for all the transaction and complete your duty for the country by paying some tax this will beneficial for both government as well as the common people and the poor people.

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