Crypto Craze (CC)

Crypto Craze or CC is my term , I just come up with this idea to define my craze about cryptocurrency trade , I have read lot about crypto currency before I jump into trading .

Bitcoin was the first release of the crypto currency , then after bitcoin about 4000 different crypto were released in 2009 .Bitcoin Market Cap is $5.86 B (€161.4 B)

Then there 5 other major Crypto Currency

Ethereum(ETH) Market Cap $23.34 B(€21 B) , Ripple (XRP) Market Cap $13.7 B(€12.3 B), Litecoin (LTC) Market Cap $6.2(€5.6), Bitcoin Cash (BCH) Market Cap $5.8 B (€5.3 B ) and Ethereum Classic (ETC) $680.6 M(€614 M)Market Cap figure kept changing by the time .

The idea of the first Crypto Currency ( electronic money ) was conceived in 1983 known as ecash then in later years it was implemented as DigiCash which wired electronic payments from banks in encrypted form which is untraceable by any third party.

recently Bitcoin has become the most tradeable in stock market, Bitcoin has reached its highest value in 2019 , $6,000 level for the first time since November 2017.

Banks and Blockchain !

Blockchain technology is an open distributed ledger that can record transactions of two parties securely and efficient .Bitcoin is stored and exchanged securely on the internet through a digital ledger known as a blockchain.

The Banking system is characterized by central banks which have some degree of control over commercial banks, and as such, they operate in a centralized system. A private Blockchain does not have a central authority and therefore the system is decentralized.