Is cryptocurrency is a good investment?

Crypto Evolution

The cryptocurrency was invented in 2008 by a secret group of people or by an unknown person Satoshi Nakamoto.

“A digital or virtual currency secured by cryptography and controlled by a network that is distributed across a large number of companies”.

The value of cryptocurrency is specified by supply and demand, just like anything else that people want.If demand increases faster than supply, the price goes up.

Main coins in crypto:

Bitcoin(BTC)

Ethereum(ETH)

Tether(USDT)

Binance(BNB)

Cardano(ADA)

How does Bitcoin work?

Bitcoin is assembled on a distributed digital record called a Blockchain.

Blockchain- is a linked body of data made up of units called blocks containing information about each transaction, including data and time, the total value, buyer and seller, and a unique identifying code for each exchange.

Is it worth to invest in Binance coin?

Binance(BNB) can be a great investment for all long-term investors. It’s a highly volatile cryptocurrency that can help you to maximize your profits in a short time but at the same time, you can also lose a lot of money.

Cryptocurrency boosts value if the demand for it is higher than the supply. When a cryptocurrency is beneficial, people want to own more of it, driving up the demand.

Crypto wallet

A wallet doesn’t actually hold your coins. Instead, it holds the key to your coins which are actually stored on public blockchain networks. In order to perform various transactions, you’ll need to verify your address via a private key that comes in a set of specific codes.