Crypto Currencies

What is the benefit of cryptocurrency?

Cryptocurrencies make it easier to transfer funds between two parties in a transaction; these transfers are facilitated through the use of public and private keys for security purposes. These fund transfers are done with minimal processing fees, allowing users to avoid the steep fees charged by most banks and financial institutions for wire transfers.

What is crypto currencies?

A cryptocurrency (or crypto currency) is a medium of exchange using cryptography to secure the transactions and to control the creation of new units. Cryptocurrencies are a subset of alternative currencies, or specifically of digital currencies. Bitcoin became the first decentralized cryptocurrency in 2009. Since then, numerous cryptocurrencies have been created.

What are some of the risks of cryptocurrencies?

Because cryptocurrencies are virtual and do not have a central repository, a digital cryptocurrency balance can be wiped out by a computer crash if a backup copy of the holdings does not exist.

What determines the value of cryptocurrencies?

The same thing as any other traded instrument or currency, what people are willing to pay for it.

That faith of the coins/tokens/currencies are founded on the structure of the market place as specified by the rules that are embedded in the cryptocurrency application code, the historical performance of the marketplace, and the anticipated and actual utility of cryptocurrency for payments for goods and services.

Cryptocurrency Market Capitalization

Cryptocurrency Resources

 

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