Introduction
The world is surrounded by cryptocurrencies everyone is talking about them from the general public to Tesla’s owner Elon Musk.
The first cryptocurrency introduced to this world was Bitcoin before Bitcoin people don’t trust cryptocurrency, it was introduced in 2009 by Satoshi Nakamoto and is now the world’s largest cryptocurrency as its market is in trillions, and it is mainly due to the Bitcoin contribution that the world is getting crazy about cryptocurrencies.
Following the same path, more than 6,000 cryptocurrencies are existing in this world every single cryptocurrency is in a race to surpass others.
To go through in-depth cryptocurrency, we should first get a simple understanding of cryptocurrency, it is a digital asset not like other centralized physical currency like people exchange real money to buy this digital currency.
Technology Behind Cryptocurrency
Cryptocurrencies are built on a decentralized blockchain that allows the transaction to be stored permanently on the distributed systems which means if one part of a database got hacked or penetrated other parts will not be affected, this technology is fault-tolerant and is collusion resistant.
Problem with Cryptocurrency
The main problem with cryptocurrency is that its exchange rate fluctuates very fast, which is favorable in some circumstances and not in others.
Now if you are interested in buying cryptocurrencies you should know which cryptocurrencies are good for you to invest in.
Cryptocurrencies Good For You to Invest in
Before investing in any cryptocurrency you should first fix your budget for investment and select a cryptocurrency according to your budget like if you have a short or limited amount start investing in new cryptocurrencies like QZKCoin, Litecoin, and Solan, if you have a large amount you can invest in big cryptocurrencies like Bitcoin, Ethereum, and Ripple.
Let’s discuss some of them in detail.
QZKCoin
QZKCoin is a newly launched cryptocurrency based on a peer-to-peer model and is built on a decentralized blockchain, this project is undertaken by Qazeek Pay and the man behind the project of QZKCoin is Hafiz Nayyar Khurshid, he is a businessman with almost 14 years of experience in Freelancing and 7 years of experience in Blockchain, Stock Market, and Search Engine Optimization.
Is QZKCoin a scam?
This question might come to your mind because it’s a new cryptocurrency and you may be uncomfortable in investing in this cryptocurrency, which is normal.
To ensure the reality of QZKCoin it is to be noted that QZKCoin was launched in June 2021 and is tradeable since then within such a short period it is enlisted on the first exchange on 15th July 2021.
Now you can buy or sell QZKCoin easily on two exchanges Dex-Trade and Koinbazar by simply making your account on these exchanges, you can also create your QZKCoin wallet on its official website.
These exchanges are not a final verdict to prove the authenticity of QZKCoin, it is also listed on CoinGecko.com which is an informative website to ensure the authenticity of QZKCoin, CoinGecko updates the graph of QZKCoin frequently you can get everything you want to know about QZKCoin like its price, supply, market cap, and trading volume.
QZKCoin Benefits for e-commerce and Business
QZKCoin has its benefits for both the e-commerce and business segment, you can buy or sell goods or services from anywhere in the world through QZKCoin, business segments can make their online transactions anytime, anywhere without the need of a bank or any third party.
Ripple
Ripple is a digital payment network that works on a peer-to-peer and open-source decentralized platform that allows people to transfer money in any form like Dollars, Euros, Yen, or a form of cryptocurrency like Bitcoin.
Ripple is also environmentally friendly as it consumes very little energy and electricity as compared to Bitcoin, Ripple transactions are also confirmed in few seconds no long wait and its transaction cost is also low.
According to market capitalization Ripple is among the six most valuable blockchains and is considered a global payment network system that includes major banks and financial services for its customers.
Conclusion
Cryptocurrency is a no-fuss to understand it is a digital currency built on a decentralized blockchain making every transaction permanently secured in a blockchain database.
Before investing in any cryptocurrency do check for its authenticity so that your money does not get wasted, if you have a small amount of savings do invest in new cryptocurrencies like QZKCoin after performing research about their authenticity.
And if you have a large amount of money do invest in big cryptocurrencies like Bitcoin, and Ripple because in the future the success of a country will be determined by its cryptocurrency market.
