The first cryptocurrency which makes the existence was Bitcoin which was developed on Blockchain engineering and possibly it had been presented in 2009 by a mysterious person Satoshi Nakamoto. At the time writing that blog, 17 million bitcoin have been mined and it is believed that overall 21 million bitcoin might be mined. One other most popular cryptocurrencies are Ethereum, Litecoin, Ripple, Golem, Civic and hard forks of Bitcoin like Bitcoin Money and Bitcoin Gold.

It is preferred to people not to put all money in one cryptocurrency and avoid trading at the top of cryptocurrency bubble. It has been observed that value has been binomo suddenly dropped down if it is on the peak of the crypto bubble. Since the cryptocurrency is just a risky market therefore consumers must invest the total amount that they can afford to reduce as there is no get a handle on of any government on cryptocurrency since it is a decentralized cryptocurrency.

Bob Wozniak, Co-founder of Apple predicted that Bitcoin is just a real gold and it will rule all of the currencies like USD, EUR, INR, and ASD in future and become worldwide currency in coming years. Bitcoin was the first cryptocurrency which arrived to existence and thereafter about 1600+ cryptocurrencies has been presented with some special feature for every coin.

Some of the causes which I have seen and wish to share, cryptocurrencies have already been created on the decentralized software – so people don’t require a 3rd party to transfer cryptocurrency in one destination to another one, unlike fiat currency where a user desire a software like Bank to transfer money from bill to another. Cryptocurrency built on an extremely safe blockchain technology and almost nil possiblity to compromise and grab your cryptocurrencies until you don’t reveal your some critical information.