Cryptocurrency is a source of exchange where you buy goods or services or can trade them for your profit, in simple words, it is like you exchange US dollars in digital form. Cryptocurrency works on a technology called blockchain, the call for this technology is security, it is a decentralized technology that allows people with better control and supervision because the entity at the lowest level can make independent decisions.
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Cryptocurrency is changing the concept of traditional currencies, it might sound technical but it eases people in many ways as it does not require any central authority to manage money, every single entity can reach money independently. Unlike traditional payment systems, It is secured with the decentralized blockchain which tallies every transaction and records them on the database permanently.
How to buy cryptocurrency?
The process of buying cryptocurrencies is different; some cryptocurrencies can be bought using online exchanges like Binance, Coinbase, Dex-Trade, and others. All you have to do is create your account on these exchanges, you will need a wallet which is an online application that will store your currency.
Once you have made your account, you will transfer your real money to buy cryptocurrencies. You can also buy cryptocurrencies through your wallets; you just have to link your account to your wallet. Whereas some cryptocurrencies can only be bought using other cryptocurrencies like Ethereum, Dogecoin, and others but not real money.
Is cryptocurrency legal?
The commonly asked question in people’s minds is whether or not cryptocurrencies are legal? It’s a great debate.
Cryptocurrencies are not issued through any state’s central bank nor are they in a physical form; they are generated through mining that involves the working of heavy computers.
Also, there are no international laws that regulate the use of cryptocurrencies however in some countries like Canada, the United Kingdom, and the United States the use of cryptocurrencies is allowed other countries like China, Pakistan, and Russia are against the use of cryptocurrency.
QZKCoin a Newly Launched Cryptocurrency in 2021
QZKCoin is a newly launched cryptocurrency and the man behind this project is Hafiz Nayyar Khurshid, he is a businessman successfully running his fintech company in the United Kingdom. QZKCoin is powered by Qazeekpay, it is built on peer-to-peer technology that allows people to do their transactions and purchases without any central authority involved.
QZKCoin is secured by decentralized blockchain, every transaction made is recorded permanently, so there is no fraud or scam, QZKCoin is following its roadmap and achieving its milestones successfully.
The price of this cryptocurrency is low at its initial stages and also because its supply and market cap is low and the people are not so familiar with this cryptocurrency which creates an opportunity for investors to invest in it and enjoy its long-term benefits. Among all the facts about QZKCoin, it is also to be noted that it is successfully listed on Dex-Trade and Koinbazar so there is no fraud behind this cryptocurrency, the founder and the team of this cryptocurrency is working hard to enlist QZKCoin on other several exchanges and it is easily predictable through their progress that QZKCoin is going to reach moon very soon.
What was the need behind QZKCoin?
As we all have heard, the need is the mother of invention. PayPal the payment gateway is not viable in every country and it also has some drawbacks like the blocked or banned the accounts without any reason or without giving any warning to account holders.
To overcome this major drawback of PayPal, QZKCoin was needed and it generates no cash flow.
Benefits of QZKCoin
QZKCoin grasps many benefits for investors, businessmen, and others. The price of QZKCoin is increased up to 182% till 4th September 2021 which means it’s a great opportunity for investors to invest in this coin and have the maximum advantage before its value goes up to the moon.
QZKCoin is useful both in the e-commerce and business segment, businessmen can perform their business transactions around the globe just with a mouse click there will be no need to visit banks for large and small transactions, they can also pay their employees salaries with QZKCoin.
Top 5 cryptocurrencies in 2021
More than 4000 cryptocurrencies are existing in 2021, with each passing year the popularity of cryptocurrency is increasing. The governments are also attracting towards the Crypto industry, there are top 5 cryptocurrencies that you must know.
Bitcoin is the top digital cryptocurrency in the world, it was created in 2009 by Satoshi Nakamoto, and it is not operated by any government but decentralized authority because it is stored and traded using blockchain technology.
It has the biggest investors like Elon Musk, Barry Silbert, Michael Novogratz, and others, Its price often fluctuates, and its existence is not physical.
Bitcoin has gone through many cycles of boom and bust and after gaining widespread success it inspired many other founders of cryptocurrencies.
Ethereum is the first alternative cryptocurrency to bitcoin, it is built on a decentralized platform that allows it to be run without any scam, control, or involvement of any mediator.
The foundation of Ethereum is the use of tokens that can be used to buy, sell, or trade. people can freely access it from anywhere in the world with no discrimination of nationality, race, or faith.
Litecoin was launched in 2011, it follows bitcoin’s footsteps, it is often known as Silver to Bitcoin’s gold, the man behind Litecoin is Charlie Lee. It has a faster block generation rate, it has a market capitalization of almost $10.1 billion and is considered among the sixth largest cryptocurrency in the world.
Litecoin is also based on a decentralized system that is not controlled by any central authority making it open-source for people.
Cardano was created on research by crypto experts and some engineers, it is a proof-of-stake cryptocurrency, and Charles Hoskinson was a co-founder in Cardano. The research made for Cardano is considered as its backbone; they wrote more than 90 research papers on decentralized blockchain technology.
Cardano might in its initial stages still surpass Ethereum due to its proof-of-stake concept, and, predictably, Cardano has a long-term race in the future.
The man behind Polkadot is Gavin Wood, it is also a proof-of-stake cryptocurrency, the architecture used for Polkadot cryptocurrency is heterogeneous multi-chain, it claims that it allows interoperability of varying networks, and parallel blockchains.
Cryptocurrency hype in the future
People who know cryptocurrency see it as the future of currency, there are more than 4000 cryptocurrencies currently existing in 2021 like Bitcoin, Ethereum, Binance Coin, some are at an extremely high price, and their supporters are in the hustle to buy more cryptocurrencies before they become more valuable.
Many big names of the tech world are jumping into the crypto industry due to which people are getting more aware of cryptocurrency and in the future, it is predictable that people will be chasing this currency as a hungry lion which will double the volume of the cryptomarket.
Cryptocurrency is being the center of attention for investors, governments, and other people, it is gaining hype and in the future people will chase cryptocurrencies as hungry dogs more than 4000 cryptocurrencies are existing in 2021 among them some are newly launched like QZKCOin going high, and the top cryptocurrencies in 2021 are Bitcoin, Ethereum, Litecoin, Cardano, and Polkadot.
You can protect yourself from crypto scams by following some research and people can buy them online on several exchanges like Binance, Coinbase, and Dex-Trade.
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