Crypto Currency

cryptocurrency

Crypto Currency or Crypto Bubble ?

Cryptocurrency (or crypto currency) was invented back in 2009. The very first product is Bitcoin.

The core concept for cryptocurrency is a decentralized digital currency in Internet age, because it is working as a payment method without the involvement of any central bank.

The basic concept behind cryptocurrency is cryptography, the study and practice of techniques to hide the information. Simply put, how people learn to keep the information secure and safe. In fact, cryptography is used everywhere in modern world, from your computer password to ATM password etc.

The backbone technology behind cryptocurrency is blockchain.

 

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Cryptocurrencies are classified as a subset of digital currencies and are also classified as a subset of alternative currencies and virtual currencies.

Crypto bubble?

Many people compare the Cryptocurrency mania to Dutch Tulip bubble in 1637, or Dot-com bubble in 2000. Whether it’s a revolutionary force to reshape our future, or next big bubble, nobody knows. Only time will tell. Perhaps we should consider ourselves lucky to witness this to unfold in front of us, in not so distant future.

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