The concept of cryptocurrency

A cryptocurrency is a form of digital money designed to leverage the power of blockchains. And it is decentralized and run by the computer network instead of individuals.

The money you own is stored in a digital wallet you keep in the cloud or on a PC and can be sent to someone via a computer or a mobile device.

That digital public ledger on which all transactions are recorded is called the blockchain. Data is stored across a network, so it’s not susceptible to exploitation by hackers or central failure.

Each record or series of records on the blockchain is called as a block. A block is sent to the network and added to the blockchain if the network accepts it as a valid transaction. Once verified, the blocks cannot change.

The story of bitcoin

The most well-known and first cryptocurrency is Bitcoin. Bitcoin was created in 2009 by an anonymous individual or group named Satoshi Nakamoto. No one knows who Satoshi Nakamoto is.

Bitcoin is decentralized, open sourced, peer to peer network and the first to utilize the blockchain technology. Since all transactions are peer to peer, Bitcoin eliminates the need for third-party intermediaries such as traditional clearinghouses.

In April 2011, one Bitcoin was worth one US Dollar. As Bitcoin became papular and many people became interested, the price skyrocketed at the end of 2017. Since then, many cryptocurrencies have been developed. Currently, over 5,000 different cryptocurrencies are running on various platforms which are called alternative coins or altcoins for short.

Bitcoin changed the way people think about money. The hope that cryptocurrencies will change the world continues!

Cryptocurrency Trading

Cryptocurrency trading is merely the exchange of cryptocurrencies.

Like in Forex, you can also buy and sell a cryptocurrency for another, like Bitcoin or altcoin for USD and Euro.

It is one way of getting involved in the world of cryptocurrencies without having to mine it.

Buying and selling cryptocurrencies has become an enormous business. The total value of all the cryptocurrencies in the world is more than 250 billion US Dollars. The market cap last year has soared and is decreasing slightly lately.

You can trade online with cryptocurrency exchanges like OKEx, Binance, Huobi, bitfinex, ZB.com, Hitbtc, and Coinbase pro.

A wise choice to win

Because the cryptocurrency market is a volatile market, with exchange rates that can wildly fluctuate by the hour, cryptocurrency trading should be used as a way to support the technology and not as a quick way to get rich!

Due to short market history, lack of legal stability, and the hacking of exchange, the cryptocurrency market confidence is not high yet. However, in the long run, the potential for growth is very positive.

Because the cryptocurrency market is not yet widely known around the world, there are not many traders specialized in cryptocurrency trading. So, that's why the ability to find and select the top performing trader is becoming very important.

Don’t miss Lucky champion event

Lucky Champion Event is an special event that participants predicts the bitcoin price at the closing time of each round, and award to the members who predict nearest and closest price to the actual bitcoin price.