What is cryptocurrency, and is it a safe investment?

Cryptocurrency refers to that kinds of currency which is used in digital word and you cannot touch that currency as it is digitally generated. One of the most famous cryptocurrency is BItcoin. But you can easily generate bitcoin to perfect money

 through paypal or by any means.

Bitcoin

Bitcoin– B in English, Capital Letter – is a peer-to-peer network where currency ownership can be changed without a third party,, and the unit used on this network is bitcoin' - b in English, small letter - which is created entirely using computer coding through cryptography in digital ways.

Cryptocurrency bitcoin is on the rise. Usually, the transactions in real life and online transactions can be solved without any apparent problem using paper-made currency or any digital signature. However, there are two major problems with the use of ATM, credit cards, debit cards, or other digital signatures.

In this transaction, both the customer and the customer have to trust a third, for example, the bank. The third-party pays a fixed amount of currency to the, which is called 'double-spanning' in English.

To solve the problem, a person named Satoshi Nakamoto published a 9-page research proposal online in October 2008 titled"Bitcoin: A Peer-to-Peer Electronic Cash System". Where the first Bitcoin is considered.

The proposal summarizes the, need for a peer-to-peer electronic currency payment, allows one to complete the transaction without going to a third party or organization. You can also avoid double-spanning. All transactions will be completed on a 'work-proof' basis instead of trust and all transactions will be recorded on a specific network.

Satoshi Bitcoin has created the first software for 'mining' since the proposal was published. Mining is the way Bitcoin is made. Satoshi first released the bitcoin currency in January 2009.

The true identity of this Satoshi Nakamoto is still unknown.