Cryptocurrency: The booming scale everyone should know about
We all know about Cryptocurrency with a large population of the world that has already invested in it. Many big individuals and companies are also investing in it. For those who don’t know about cryptocurrency, let me help you with it. Cryptocurrency is a collection of binary data, designed to work as a medium of exchange that is stored digitally within blockchain technology making it one of the most secured currencies. First introduced in 2009, Bitcoin was the first-ever cryptocurrency.
The purpose of launching the cryptocurrency was to decentralize it, after the big recession in 2008, making it an independent currency with no control of any Central Bank of any country. Since many people lost their jobs after the Great Recession of 2008, an unknown man named Satoshi Nakamoto, created the first cryptocurrency BITCOIN. Since its release in 2009, its popularity grew over time. Many people started investing in it. When it started to gain popularity, many altcoins also approached the market.
There are over 9000 cryptocurrencies in the market, marking their value of over $2.7 trillion. Bitcoin alone has a market cap of over $1.1 trillion. The most popular cryptocurrencies are Bitcoin, Etherium, Dogecoin, Binance Coin, Cardano, Ripple, Solana, and the list continues.
If you haven’t purchased cryptocurrency, then there are many platforms from where you can buy your first cryptocurrency. One platform is WazirX, which is India’s most trusted cryptocurrency. CoinDCX Is one of the most popular cryptocurrency exchanges with a market cap of over $1.1 trillion. Binance is the most popular and most trusted cryptocurrency exchange in the world.
So if you want to invest in cryptocurrency, these are the best cryptocurrency exchanges platform that you can use.