Cryptocurrency market analysis
In the modern world there are already about a thousand cryptocurrencies with blockchain technology, the most popular of which is bitcoin. This type of digital money is considered the most reliable and stable, the demand for it has grown in record time and has not yet fallen and people search crypto price every day. What is essentially a cryptocurrency and how does it work?
Coins are created with the help of crypto mining in Blockchain.
This is a process of calculations to confirm transactions in the system and to ensure its reliability and security. Mining devices are called miners (as well as people, what they do). Actually, these are computers with special chips (Asik Miner) or specialized devices equipped with video cards. Serious miners have entire systems of such computers, which are called "farms". And when they say "invest in bitcoins," it is, as a rule, about acquiring and servicing just such a mining system. But there is another way, Cryptotraders: they can trade bitcoins on crypto coins stocks, and trade them in the same way as other currencies. But this type of earnings does not require computer, but special financial knowledge. And in both cases it is necessary to understand many nuances, including blockchain education.
Сryptocurrency market at the beginning of May 2018 is over $ 400 billion capitalization, with a significant market cap dominance of bitcoin, over $ 140 billion, and Ethereum, over $ 70 billion market capitalization. Most of coins from top cryptocurrency list have their own blockchain wallets where you can directly buy altcoins online due to the live coin price with PayPal or bitcoin not using the exchange. The cryptocurrencies market is developing at a tremendous speed and it is possible that quite soon we will see how the cryptocurrencies take the place of the usual fiat