15 Important Facts about "Cryptocurrency" - Deepstash
1. The total amount of bitcoin is limited:

That’s right. If you thought it would be possible to buy an endless amount of crypto, think again. Cryptocurrency is a limited resource, like gold or oil. This is why currencies like bitcoin contin...

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15 Important Facts about "Cryptocurrency"

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2.  No one knows who created bitcoin:

So who is the person that’s created this virtual currency market? Well, no one actually knows. The most surprising fact about cryptocurrency is the person or organization who created ‘bitcoin’ is u...

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3. Cryptocurrency can’t be physically banned:

Many countries worldwide have discussed banning cryptocurrencies; however, despite their desire to ban them, it’s physically impossible. Why? Because anyone can get a crypto wallet. Of course, coun...

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4. There are over 5,000 different currencies:

Everyone wants to get in on cryptocurrencies. This is why new currencies are popping up in the industry daily. As of now, there are over 5,000 different currencies in the world. Naturally, most of ...

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5. Trading all-day, every day:

The trading hours of the crypto market add to the craziness. The exchanges are open 24x7. Neither holidays/Sundays nor weekends exist in the crypto calendar. You can trade not just all day but even...

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6. China is the biggest cryptocurrency miner:

Well, who would have thought that? Mining cryptocurrency is the process of verifying transactions before they’re placed on the Blockchain’s ledger. It’s an extremely lucrative part of the business,...

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7. They’re taxable:

Depending on what country you live in. But since cryptocurrencies have now entered the mainstream markets, tax agencies worldwide are trying to make sure they get their slice of the virtual pie. Ma...

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If you've been following the appreciation of virtual currencies, you've probably heard an awful lot about bitcoin -- and with good reason. It was the first tradable cryptocurrency that was brought ...

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9. "Miners" play a critical role:

Crypto-mining involves using high-powered computers to solve complex mathematical equations on a competitive basis in order to verify and log transactions. Being the first to do so often entitles t...

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10. Decentralization is key:

What makes blockchain technology so enticing is the fact that it's decentralized. In other words, there is no central hub where this information is stored, and therefore no major data center where ...

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11. You Can’t Lose Your Wallet:

When dealing in cryptocurrency you hold a crypto wallet (digital wallet) that has public and private keys. You are provided with a private key to gain access to it and if you happen to lose your pr...

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12. Beware of Cryptojacking:

A cryptocurrency is a safe option for wallet safety but it is still exposed to scammers who use your computer or phone’s processing for the mining of cryptocurrency. They do this for their own bene...

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13. Cryptocurrency Value Is Extremely Volatile:

Just like a normal share market, there are a lot of external factors that have a direct impact on the value of Crypto money. They are super volatile and really depend on your sense of trading. The ...

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14. Countries That Have Banned Cryptocurrency:

While we are on the subject, there are a few countries where you can’t enjoy cryptocurrency rights as they have been banned. Here’s the list:

  • Algeria
  • Bolivia
  • Ecuador
  • ...

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15. Faster Than Supercomputers:

The world’s fastest supercomputer, the Summit, works at 122.3 petaflops, which is a quadrillion floating-point operations per second. If you look at the entire Bitcoin network, the processing power...

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