Cryptocurrencies by
Content What is Crypto Currency? Basic terms Mining Major opinions on cryptocurrencies Why we use Crypto Currencies? Our top 7 Crypto Currencies Benefits of Crypto Currency Benefits of trading bitcoin with FXPM
What is Crypto Currency? Cryptocurrency is a digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank
Overview Cryptocurrency opts as a future revenue stream in the digital finance world The Cryptocurrency and Blockchain technology allows the users to send exactly what they want without involvement of third party More than 70% of the mobile phone users prefer transactions over their phones, which is one of the major drivers for the cryptocurrency market growth.
Bitcoin vs US Dollar 5 years chart 10,000$ investment in 2013 –> 1,920,000$ today 10,000$ investment in 2014 –> 55,550$ today 10,000$ investment in 2015 –> 97,737$ today 10,000$ investment in 2016 –> 62,209$ today
Ethereum vs US Dollar chart 10,000$ investment in 2015 –> 3,823,529 $ today 10,000$ investment in 2016 –> 235,454$ today 10,000$ investment in 2017 –> 252,549$ today
Basic terms Blockchain - is a public accounting book of all Bitcoin transactions that have ever been executed. It is constantly growing as 'completed' blocks are added to it with a new set of recordings. The blocks are added to the blockchain in a linear, chronological order Cryptography - Cryptography is a method of storing and transmitting data in a particular form so that only those for whom it is intended can read and process it. Double Spend -If a malicious user tries to spend their bitcoins to two different recipients at the same time, this is double spending. Bitcoin mining and the block chain are there to create a consensus on the network about which of the two transactions will confirm and be considered valid.
Mining Process of adding transaction records to public accounting book of past transactions or block chain Bitcoin mining is the process of making computer hardware do mathematical calculations for the Bitcoin network to confirm transactions and increase security. The difficulty of the algorithm increases with the amount of bitcoins and transfers, so that block cracking becomes more difficult and requires a lot of resources. A single computer may take three full years to crack a single block. Today there are at least a few dozen Bitcoin mining programs, most of which allow users to connect to mining groups and mine together block which worth 25 bitcoins.
Major opinions on cryptocurrencies Bitcoin may be the new TCP / IP of money. Paul Bauchheit – Creator of Gmail I do think Bitcoin is the first[encrypted money] that has the potential to do something like change the world. Peter Thiel – Co – Founder of PayPal Bitcoin will do to banks what email did to the postal industry Rick Falkvinge – Founder of the Swedish Pirate Party Bitcoin actually has the balance and incentives right, and that is why it is starting to take off Julian Assange - Founder of Wikileaks
Why we use Crypto Currencies? It is specially designed to take advantage of the architecture of the internet Transactions are checked, or “confirmed” by the computers of the users on the currency's network Computers that verify the transactions receive a small amount of currency as a reward
Our top 7 Crypto Currencies Bitcoin Ethereum Litecoin Peercoin Dashcoin Namecoin NovaCoin RippleCoin – will be added soon.
Benefits of Crypto Currency Mutual Exposure International use Customer Anonymity No Surprise Fees or Waiting Periods Improving Reputation
Benefits of trading bitcoin with FXPM Regular wallet FXPM Your account control comes from your “Wallet”, which is a Private asymmetric encryption key. No need for a wallet in FXPM your money stays at the Bank. Using crypto-currency require installing local software. The local software has access to your WALLET on your local computer.(the software slow down the computer (uses lots of resources) No need to install wallet or any special software in FXPM you are able to see your account on the web just as it is in your personal bank. Each currency need his own wallet - meaning that you need to install 10 software's and run 10 wallets to trade a few currencies. You can trade all of the currencies in the same web platform that FXPM will provide you. You actually need to hold bitcoins in your wallet and taking the risk of being hacked. You don’t need to hold the actual bitcoin in your wallet – in FXPM you just enjoy the change in the currency value. No leverage in case of trading. In FXPM you can enjoy leverage.
Bottom line FXPM is the safest and easiest way today to trade the cryptocurrencies and enjoy their high returns + you are able to trade the major currencies, indices, shares and commodities in the same platform!