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Showing posts from December, 2017

Legality of Cryptocurrencies And Altcoins!

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With so much already written, explained and explored about cryptocurrencies the world has started taking them seriously. The exponential demand and growth of certain altcoins have made them the first and the last choice of investment. It has been declared by experts that this is the “Future Gold” and an era of digital currency has begun. Acceptance of cryptocurrencies has risen and that has given birth to almost 900 such currencies across the globe. Though there are certain states and institutions, like financial institutions and banks, which still do not approve them as legal tenders. In spite of that Cryptocurrencies have traveled a long distance in getting themselves a legal entity. Following are the states which recognize Cryptocurrencies in various legalities- 1. Alderney Part of the Channel Islands this state is believed to be the first state to allow Cryptocurrency. Since then they have supported them in such a way that it seems they are the top contender for ...

Future is Bright for Cryptocurrencies! Which One?

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When the whole world is of the same opinion that the era of virtual money has begun with the birth of Cryptocurrencies there are a lot of question on its future. When experts realize that even institutions like banks will have their own Cryptocurrency in near future the questions get their answers. Well known facts, about cryptocurrencies , make them popular choice as best investment options of the decade. The fact that they are decentralized, safe, cannot be decoded, and cannot be regulated by anybody or institution, and they are in limited numbers, are features which currently gives them the exponential growth. The potentials of such progressive magnification in their value and evolution of new entrants in coming years then raises a big question- Which Cryptocurrency will make it big in Future? You must analyse the pros and cons of Cryptocurrencies which are hitting the markets hard and at the same time foresee the possibilities of growth in each of them. Keep an Eagl...

Can You Really Buy Things Using Cryptocurrencies?

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New Age Currency- Cryptocurrencies! Long wait for the existence of “Virtual Money” seems to be over with the birth of Crypto currencies. Technology has made it possible, for this digital currency to exist in an ecosystem which is decentralized, unlike the commonly used fiat currencies.  In spite of being decentralized, the user can perform safe transactions and store it without going to any bank or financial institute. As they are available in limited numbers, and with passing time, the value increases exponentially. This is one of the reasons that the stored value of any cryptocurrencies is shooting like anything. Also, they operate on a distributed public ledger termed as – Blockchain. The blockchain is records of transactions made by their owners, which gets updated during transactions. In short, this digital currency, by using cryptography, converts legible data into encrypted codes which are impossible to decode. These are used in tracking the purchases and...

Cryptocurrencies Today and Tomorrow!

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Talk of the century and one of the best-known investment options of today- Cryptocurrencies are no longer concealed under wraps. Investors, bankers, States, individuals, and people who are still audience are also aware of this decentralized mode of digital currency.  Every passing day, people who are new to cryptocurrencies are getting aware of this virtual Gold and are preparing for their plunge. The ones who have already taken a dip are enjoying the dive and are now getting into the details of Cryptocurrency trading, Forex Trading service, getting registered as exchangers and much more. Let’s find out status of Cryptocurrencies today- 1. Safety The need of blockchain, which is primarily encrypted codes, cannot be decoded. At the same time, they cannot be copied and each transaction can be traced back in the chain. Therefore, they are safe.  2. Decentralized Virtual Currency Unlike fiat currencies, they can be regulated or controlled. That mak...