Let me start by talking about what paper currency is. A cryptocurrency is basically a form of digital currency. They are created with the help of digital cryptography to process some transactions and create new coins. Bitcoin is a very popular cryptocurrency. Cryptocurrencies like bitcoin are incredibly popular, and they are used for the main reason that they are decentralised. In other words, we mean that government organisations and banks do not control this currency. There are a lot of alternatives to bitcoin, but people end up choosing bitcoin for its popularity read more.
Now I will talk about blockchain.

If you have heard of cryptocurrency, I am a hundred percent sure that you heard of blockchain. Blockchain is the technology that makes cryptocurrencies unique and incredibly valuable. In the simplest of terms, blockchain is basically a method of storing all of the bitcoin transactions in the form of a ledger that is attached to every single coin.
Blockchain is basically the structure of the bitcoin ledger.

Pricing of the cryptocurrency market is something that we have to talk about. Cryptocurrencies are a very high-risk trading instrument, because they are very new, and it makes the value incredibly difficult to predict. Cryptocurrencies may actually be appropriate for all kinds of traders, who are looking for a very high-risk, but a very high recording instrument. The University of Cambridge has actually conducted a lot of benchmarking studies on cryptocurrency, and the most recent one was in the year 2019.
They found that there are more than 139 million crypto wallets. Only 38% of the wallets, which would be 52.8 million are recently active. 52% of all the cryptocurrency companies are operating across to cryptocurrency industry sectors or more. This will give rise to the increasing number of universal companies that work with cryptocurrencies. 84% of all the providers have been known to support more than one cryptocurrency coin. Multi coin support is something that has doubled since the year 2017. Almost 84% of the providers now offers support for more than one coin. For example, it means that they support more than bitcoin. That has been a 164% growth in the number of employees. The number of employees have actually skyrocketed from 2017 to 2019.

The cryptocurrency market is actually characterised by sudden and drastic falls and steep skyrockets of the value. This interesting quirk of cryptocurrency is something that a lot of people value. People actually like the fact that it suddenly increases in value and suddenly drops as well. These people are the ones who can predict it and take advantage of it. But you need to know that once the drops, no one can predict how much it is going to increase and when it is going to increase.
























