Cryptocurrencies — A Digital Asset of New Era
Understanding digital asset definition is the first step towards managing your digital asset. So, what is digital asset in actual? There are several types of digital assets including photos and videos, operating system and software, documents and emails accounts as well as websites or blogs. However, since the technology is evolving and new technologies are either replacing or updating old technologies the definition of digital asset is also constantly changing.
Is Digital Currency a Digital Asset?
Digital currency, in other words cryptocurrency or virtual currency is the new form of digital asset. This asset is based on a network of computers that are distributed at large. This decentralised structure helps this computers network to exist outside the governments and central authorities.
A view on Digital Currency
Digital currency or Cryptocurrency is generated from the computer through a refine process of cryptography. The cryptography process makes it safe and transparent. The system doesn’t require any bank or organization except it requires a network of computers. It is unstoppable since it is a decentralised system, one must stop all the computers in network from working to stop this decentralised system. Stopping the entire network of computers is impossible and since it is not under government control so, it is free of taxes.
The computer creates the cryptocurrency, the computer goes through the difficult mathematics processes and generates cryptocurrency. The higher the computer counts in your linked computer network the faster the cryptocurrency mining process is. The artificial intelligence in the networked computer adds more complexity in the mathematical process which goes beyond the computer limits. The mining pools are here therefor, the mining pool works as the brain, it helps all computer networks to work parallel and generate more cryptocurrency.
The mining computer is called Miner, they not only mines the currency but they also keep the system protected from hacking and malfunctions, communicating between two computers and transferring currency from one computer to the other. The system also keep track the mining currency.
Mining with video graphic card is also possible and this way is faster than the mining with computer processor. However, there are specific types of mining computers are available nowadays. These miners are quite expensive however, they work hundred time faster than the normal computer.
All you need to know, How to Invest in Cryptocurrency?
You have to select any cryptocurrency trading platform to buy, sell, trade or exchange. The popular and most reliable places to enter in cryptocurrency market are cryptocurrency exchanges or in simple with cryptocurrency trading platforms.
Luckily, there are several digital currency exchange platform right now and one can easily download them from the play/app store. Such exchanges allows you to connect your account with these platforms and purchase currencies like Bitcoin, Ethereum, Litecoin, RS Coin directly through your mobile app.
The most popular trading platform right now is B4U Wallet. It allows you to easily enter in cryptocurrency market and buy your share and if target profit is acquired sell it through the same app. There are several other cryptocurrency exchanges that make money by charging high fees for conducting transactions, while B4U Wallet deducting charges upon transactions are lowest.
There is another option right now available in the physical market and that is B4U ATM and are available in many cities of USA, UK, Spain, Malaysia and several other countries and are ready to use them to purchase cryptocurrencies and send it to your digital wallet.
