What is Crypto

Cryptocurrency is a type of digital currency that neither distribute or regulate by central bank or any fiat currency authority.It created by running a computer hardware systems together with other miners all around the world repeatedly to solve specific formula or calculate hashes with the intention to create a successful block, and at the same time using encryption to ensure that all the transaction is secured.The explicit design of cryptography is allowing the owners to have “real possession” towards their cryptocurrency.Bitcoin is one of the most popular cryptocurrency in the world currenctly, with other alt-coin such as litecoin, bitshares and etc.

The first cryptocurrency to capture the public imagination was Bitcoin, which was launched in 2009 by an individual or group known under the pseudonym, Satoshi Nakamoto. As of February 2019, there were over 17.53 million bitcoins in circulation with a total market value of around $63 billion (although the market price of bitcoin can fluctuate quite a bit). Bitcoin’s success has spawned a number of competing cryptocurrencies, known as “altcoins” such as Litecoin, Namecoin and Peercoin, as well as Ethereum, EOS, and Cardano. Today, there are literally thousands of cryptocurrencies in existence, with an aggregate market value of over $120 billion (Bitcoin currently represents more than 50% of the total value).