Cryptocurrencies, although appeared relatively recently, are now capturing increasing attention of traders, financial analysts, and regulators globally. They can be defined as decentralized tradable digital assets. In their essence, cryptocurrencies represent limited database entries. This definition is similar to how one defines any currency, but cryptocurrencies differ from conventional currencies in a few important aspects. These differences in transactional and monetary properties allow cryptocurrencies to offer unique opportunities for traders and investors all over the world.
Unlike conventional currencies, cryptocurrencies are secured by strong cryptography. They are locked in a public key cryptography system. In practice, it means uncompromising safety and security of cryptocurrencies.
Transactions involving cryptocurrencies occur nearly instantly, and their confirmation takes only a few minutes. They occur in a global computer network that allows for fast and secure transactions regardless physical location of their participants.
The majority of cryptocurrencies control supply of their tokens by a schedule in the code. It means that one can calculate the supply of a given cryptocurrency in any moment of time in the future.
Cryptocurrencies are decentralized and not regulated by any government, central bank, or other regulatory institution. Consequently, prices of cryptocurrencies are driven solely by supply and demand in the market. They are immune to political events, inflation, interest rates, economic performance and other outside influences.
But what does it mean for traders? Cryptocurrencies, unlike conventional currencies, are not debt by their nature, but represent assets as reliable as gold. They are secure and protected from political and economic influences. Limited supply of cryptocurrencies ensures that they will not decline in value over time, but preserve and increase it. Finally, transactions with cryptocurrencies are fast, secure, and global. Cryptocurrencies are the money of the future offering unique trading opportunities.
Bitcoin is the first and the most widely known cryptocurrency. It was created in 2009 following the ideas of Satoshi Nakamoto. It attracted common attention in 2017, when it showed astonishing growth from $985.56 per coin on January, 2 to more than $16,000 per coin on December, 12. Now it is one of important trading assets and global payment instruments, which transaction volume exceeds $2 billion daily. Bitcoin is the gold standard of cryptocurrencies, while other cryptocurrencies are jointly called Altcoins.
Ethereum is the second most popular cryptocurrency after Bitcoin. Its distinctive feature is in ability to process not only transactions, but also contracts and programs.
Litecoin was one of the first cryptocurrencies that emerged after Bitcoin. It is the light version of Bitcoin with the new algorithm and larger supply of tokens.
To date, our platform offers an opportunity to trade Bitcoins, as it is the leading cryptocurrency comprising all the benefits of cryptocurrencies. It is a reliable asset immune to political and economic influences with strong growth prospects.