Bitcoin and Cryptocurrencies

Guess what was the worth of the world’s most expensive pizza? What if I say it was 43,27,28,93,820.00 INR(accordance with current price). It was bought in return of 10000 bitcoins. Bitcoin is a type of cryptocurrency which works on the blockchain technology. Lets simplify it. As the name suggests blockchain, it has records of transactions in the form of blocks which are linked in a single list. In simple words in blockchain sender sends crypto and the receiver receives it after verification of transactions in between by nodes of different computers once there are more than six(safest) verification the transaction is executed and is considered valid.

"Blockchain is the Future. Crypto is the Future. You be ahead of time or with time. History has shown people who are behind time have been vanished. Change yourself with time".?This is what I personally believe. We as an individual should start investing very low percentage of our income into the future and for long term goals. Invest in innovation, invest in something new and challenging, explore these ventures and see the magic someday.

Some people speculate that cryptocurrencies are not safe in terms of transaction. Let me clear this myth. Data is fully secured or encrypted in a transaction which involves bitcoin or cryptocurrencies. Isn’t it fascinating the world of crypto currencies? As we know the traditional way of transacting involves debit card or credit card, on which banks and central government has its keen eyes on. Whereas in case of crypto currencies it is totally anonymous who is paying and who is receiver unless you do a KYC process with the exchanges. An exchange is a platform where we can buy or sell a crypto currency. In India we have WAZIRX, BITBNS and ZEBPAY as major exchanges. The major cryptocurrencies are BITCOIN.ETHEREUM,CARDANO,DOGE,LITECOIN,BINANCE COIN Etc.

Innovation is always respected everywhere in the world. The man who invented the Bitcoin is believed to be Mr. Satoshi Nakamoto, this man had a vision and now we see there are many startups and etc things around blockchain. Things are still new, people are still fguring out things in the crypto world. Do your own research and start investing your little savings into it.?But keep in mind the long term goal.