Some Facts You Haven’t Heard Of Yet About Cryptocurrency

Cryptocurrency has become increasingly popular over the past few years. Although, there is still a bunch of details you should learn first before you get to make your first big move, such as investing in cryptocurrency. Good thing that you have chosen NeoGuide as your starting point in your journey in understanding cryptocurrency.

The Most Popular Cryptocurrency In The Digital World Today: Bitcoin

Perhaps you have already heard about Bitcoin, which is expected because it is the most widely accepted payment system and medium of exchange in the online realm. For starters, Bitcoin is a consensus network that allows a new payment system and an all-new digital money. It can be considered as the pioneer in cryptocurrency because Bitcoin is the first decentralized peer-to-peer payment network, made possible by Bitcoin users with no middlemen status or no central authority when it comes to accepting money.

In simpler words, Bitcoin is like a digitized cash that you can use to transact on the Internet. Back in 2010, one bitcoin is equivalent to 1 US Dollar or 0.76 Euros. At this point, bitcoin has finally reached a staggering equivalent of USD $ 7,400 or £5,663.55, as of November 2018. With this kind of development, it is not hard to imagine why so many people are getting attracted to investing in cryptocurrency.

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