The very first cryptocurrency which comes into the existence was Bitcoin which was created on Blockchain technology and probably it was released in 2009 by a mysterious person Satoshi Nakamoto. During the time publishing that blog, 17 million bitcoin have been mined and it is thought that whole 21 million bitcoin could possibly be mined. Another hottest cryptocurrencies are Ethereum, Litecoin, Ripple, Golem, Social and difficult forks of Bitcoin like Bitcoin Cash and Bitcoin Gold.

It is preferred to consumers never to put all profit one cryptocurrency and avoid investing at the peak of cryptocurrency bubble. It's been seen that cost has been Recover stolen money from scammer.abruptly slipped down when it's on the maximum of the crypto bubble. Since the cryptocurrency is really a unpredictable industry therefore customers must invest the total amount which they are able to afford to lose as there is no control of any government on cryptocurrency because it is a decentralized cryptocurrency.

Bob Wozniak, Co-founder of Apple believed that Bitcoin is a true gold and it'll rule most of the currencies like USD, EUR, INR, and ASD in potential and become global currency in coming years. Bitcoin was the first cryptocurrency which arrived to living and then around 1600+ cryptocurrencies has been presented with some special function for every coin.

A number of the reasons which I have observed and want to reveal, cryptocurrencies have now been made on the decentralized platform - therefore people don't require a third party to transfer cryptocurrency from one location to a different one, unlike fiat currency wherever an individual desire a system like Bank to transfer income from bill to another. Cryptocurrency created on an extremely safe blockchain engineering and nearly nil opportunity to compromise and grab your cryptocurrencies until you don't reveal your some critical information.