Incredible Use of blockchain and cryptocurrency

in #incredible6 years ago

Over the last couple of years ,the term cryptocurrency has been rapidly gaining ground and understanding its use and value. In the public eye.
You might be more familiar with the term Bitcoin and Ether , its top cryptocurrency which is based on blockchain technology,which makes these type of all currencies more secure and very trusable.
How will cryptocurrency helps you?

  1. It's help to prevent any kind of frauds regarding any of way like transfering mode or the security between both of the sender and receiver
    2.its very fast mode of transaction , as per Bitcoin each transaction should be complered approximately 1 hour with 6 network confirmation each would take upto 10 minutes for confirmation.
    3.Lower Fee has its most important benefits where in some cryptocurrency has been negligible fee like Ripple.
    4.The most important thing is that it's Decentralised which means each and every has been connected with each other thorough blocks.
    5.whole Transaction of cryptocurrency has open, any one can see any of transaction but any of a blocks information never be change because it's works on cryptography hash function.whole information has been encrypted with particular has and each has has been connected with its previous has , thus this property of blockchain makes its more secure and trustable.

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Small fraction of any of cryptocurrency can be transfer , it's also one of the benefits of blockchain and cryptocurrency
The value of cryptocurrency has a flactuate due to which it's tradable, any one can trade it with different exchange for the purpose of earning like stocks assets.