In case you have somehow spent the last decade living without the internet in complete isolation away from the rest of the world, you would know what Bitcoin or cryptocurrency is. Now if you are a seasoned veteran at trading and following up to the latest coin values, then you might not gain any insights by reading this blog but if you are a newbie, then this is going to be a very useful read to get your basics up on the world of Crypto.
So, what is cryptocurrency? It is a form of virtual money that can be traded or exchanged in the same fashion as real money on an online platform. Cryptocurrency uses blockchain technology which makes it extremely secure since it is decentralized. Different cryptocurrencies have their own value and can be used to do transactions with companies who accept them. There are more than 2000+ cryptocurrencies currently being traded and they are worth more than $250 Million according to popular market research website CoinMarketCap.
You might ask why people are interested in these coins or cryptos right now and they will tell you that cryptocurrencies have their own very unique benefits. Since they are growing in popularity right now, people expect their value to grow over time making it a great investment. Unlike with cash that goes through banks and becomes inflated, cryptocurrencies will not be involved with any third party. As mentioned before, it uses blockchain technology which makes it more secure than traditional currency exchanges but the biggest reason is the fact that they are expected to be the widely used thing of the future. So, amassing them right now might not be such a bad idea.
Another frequently asked question regarding cryptocurrencies is on its investment value. People have different opinions on the matter but for those who trade the coins, they are all strong believers that this will benefit them in the long run. But there is no guarantee. Bitcoin was once worth more than $20,000 but then it dropped in value the following year to a bit above $3000. That is a $17,000 loss if you can do basic math. But then you also have to consider that Bitcoin was once worth $0.01. For those people who traded it right, they got a 2 million percent increase on their initial investment. Almost all cryptocurrencies are expected to be like this. Especially Tyslin.
Now if you are also interested in purchasing some cryptocurrencies for yourself, there are many exchanges you can visit to buy the coins you like. But before that, you will need to download a Crypto wallet to hold your digital currency in. We recommend Tyslin Wallet since it is built extra secure with encryptions making it an impossible task for hackers to get into. Afterwards, just pay for the digital currency you want and you are there.
At the end, we believe that we have built a great platform because this is the culmination of years of hard work, research and feedback. We are extremely proud of our achievement and can guarantee that with our technology, our platform is second to none. And as for our cryptocurrency, we hope you will have great returns on it.