In our increasingly hyper-connected digital world, cryptocurrencies have been hailed by their advocates as the next revolutionary step in monetary exchange. #Bitcoin became the first decentralized cryptocurrency in 2009. Since then, numerous cryptocurrencies have been created.
What is #CryptoCurrency?
A (#digitalcurrency) medium of exchange that uses cryptography for security. A cryptocurrency is difficult to counterfeit because of this security feature. A defining feature of a cryptocurrency is that it is not issued by any central authority, rendering it theoretically immune to government interference or manipulation. Cryptocurrencies make it easier to transfer funds between two parties in transactions; these transfers are facilitated through the use of public and private keys for security purposes. These fund transfers are done with minimal processing fees, enabling users to avoid the steep fees charged by most banks and financial institutions for wire transfers and also the elimination of credit/debit card fees.
#Capricoin is quickly becoming recognized as the next up and coming cryptocurrency. The value of the currency is based solely on market supply and demand, meaning that it behaves much like precious metals, like silver and gold. The attractive potential of the rise in value of the Capricoin has drawn much attention to its current members and interested onlookers that fortunes may be made as a holder of the currency, just as the fortunes that were made for the early adopters of Bitcoin.
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