The first cryptocurrency which makes the existence was Bitcoin which was created on Blockchain engineering and probably it was launched in 2009 by a strange person Satoshi Nakamoto. At the time publishing this website, 17 million bitcoin have been mined and it's believed that overall 21 million bitcoin could be mined. Another most widely used cryptocurrencies are Ethereum, Litecoin, Ripple, Golem, Social and difficult forks of Bitcoin like Bitcoin Cash and Bitcoin Gold.

It is advised to consumers not to set all profit one cryptocurrency and avoid trading at the peak of cryptocurrency bubble. It has been observed that value has been Crypto asset recovery.suddenly slipped down if it is on the maximum of the crypto bubble. Considering that the cryptocurrency is a unstable market therefore users should spend the total amount that they are able to afford to get rid of as there is no get a grip on of any government on cryptocurrency because it is a decentralized cryptocurrency.

Charlie Wozniak, Co-founder of Apple believed that Bitcoin is really a actual gold and it will rule all the currencies like USD, EUR, INR, and ASD in future and become global currency in coming years. Bitcoin was the first cryptocurrency which arrived to living and afterwards about 1600+ cryptocurrencies has been launched with some special feature for every coin.

A few of the reasons which I have observed and wish to share, cryptocurrencies have now been produced on the decentralized system - therefore customers don't involve an alternative party to transfer cryptocurrency from one destination to a different one, unlike fiat currency wherever a person require a program like Bank to transfer income in one bill to another. Cryptocurrency created on a really safe blockchain technology and almost nil chance to crack and grab your cryptocurrencies before you don't reveal your some important information.