Crypto is the next big thing in the market. Experts say that crypto will have a better future in the upcoming year as compared to the current year. Last year due to covid-19 we have seen some downfall in cryptocurrencies. Crypto was started on a low note in 2021 but if we see the last few weeks’ performances of cryptocurrencies it performed really well. Today in this article we will know what cryptocurrency is, its types and how it works.
Crypto currency is nothing but a method of payment that you can use online for buying goods and services. Different companies issue Their currencies in the market. We also call them tokens.
What are the types of cryptocurrency?
There are more than 6000 cryptocurrencies available in the market, but we will tell you about some popular cryptocurrencies which rule the market.
- Bitcoin- Bitcoin holds the most popular and most important cryptocurrency place in the world. It is one of the oldest currencies in bitcoin history. Bitcoin is a virtual currency without any Central bank or a digital administrator. People have criticized bitcoin for illegal transactions but still, it is one of the highest cryptocurrencies. The current price of bitcoin is 60,720 US dollars per bitcoin.
- Ethereum- Ethereum is the next currency that is on our list. Ethereum helps in virtual access without any downtime, fraud from any third party. It is a decentralized platform and its goal is to create a decentralized suite for financial products. Ethereum is the second-highest cryptocurrency after bitcoin. The price of Ethereum Currency is 3,891 US dollars.
- Litecoin – Litecoin was launched in 2011 following the footsteps of bitcoin. Litecoin was created by Charlie Lee who is the former engineer of Google. Litecoin also works like bitcoin In many ways, it is also a virtual currency that can be used for payment exchange. Litecoin has a faster block generation rate this is the reason it offers a faster transaction service. Litecoin has a market value of 188 US dollars per coin.
- Cardano (ADA) – Cardano is one of the most effective cryptocurrencies in the market, it was Co-founded by Charles Hoskinson. Cardano is one of the fastest-growing currencies which beat Ethereum last year, and it still has a long way to go.
Where to Invest in Cryptocurrency?
People find it very difficult to invest in cryptocurrency and they also don’t know how to choose the right platform to invest in cryptocurrency. Here we will tell you about one of the best platforms where you can easily invest in cryptocurrency by visiting Bitcoin Era People who already invested in crypto and making a profit with it must be aware of the bitcoin era. The bitcoin era is a trading platform that enables the investor to create an account on it and start their investment in bitcoin.
Below are some important information given about the Bitcoin era:-
What is the Bitcoin era?
The Bitcoin era is a trading platform that enables users to create an account on it and start their investment. It has a powerful algorithm and high-frequency trading system (HFT) which provides the user the best experience and they make good money on it.
Is the bitcoin era user-friendly?
Yes, it is very easy to use you can visit the website or you can download the application as well which is available on play store and create your account and start investing.
So if you are looking to start in cryptocurrency then all you need to do is read the article carefully take the necessary information and visit this website and start making money.