The initial cryptocurrency which comes into the existence was Bitcoin which was created on Blockchain engineering and possibly it had been released in 2009 by a mystical person Satoshi Nakamoto. At the time writing this blog, 17 million bitcoin have been mined and it's thought that complete 21 million bitcoin could possibly be mined. Another most popular cryptocurrencies are Ethereum, Litecoin, Ripple, Golem, Civic and hard forks of Bitcoin like Bitcoin Income and Bitcoin Gold.

It is preferred to consumers to not set all money in one cryptocurrency and try to avoid trading at the top of cryptocurrency bubble. It's been observed that price has been instantly dropped down if it is on the peak of the crypto bubble. Because the cryptocurrency is really a unpredictable market so people must spend the quantity that they are able to lose as there's number control of any government on cryptocurrency since it is really a decentralized cryptocurrency.

Steve Wozniak, Co-founder of Apple predicted that Bitcoin is a true gold and it will take control all the currencies like USD, EUR, INR, and ASD in future and become world wide currency in coming years. Bitcoin was the initial cryptocurrency which came into existence and afterwards around 1600+ cryptocurrencies has been released with some distinctive feature for each coin.

Some of the causes which I have noticed and wish to share, cryptocurrencies have already been produced on the decentralized system - so people don't require a 3rd party to move cryptocurrency in one location to a different one, unlike fiat currency where an individual desire a software like Bank to move income in one consideration to another. Cryptocurrency created on an extremely secure blockchain engineering and almost nil opportunity to hack and grab your cryptocurrencies before you don't reveal your some critical information.