The very first cryptocurrency which makes the existence was Bitcoin that was created on Blockchain technology and possibly it had been introduced in 2009 by a mystical person Satoshi Nakamoto. At the time writing that blog, 17 million bitcoin had been mined and it's believed that total 21 million bitcoin could possibly be mined. One other hottest cryptocurrencies are Ethereum, Litecoin, Ripple, Golem, Social and hard forks of Bitcoin like Bitcoin Money and Bitcoin Gold.

It is preferred to asic miner never to set all profit one cryptocurrency and stay away from investing at the maximum of cryptocurrency bubble. It's been seen that price has been abruptly dropped down when it's on the peak of the crypto bubble. Because the cryptocurrency is a unpredictable industry so users should spend the amount that they are able to reduce as there is number get a grip on of any government on cryptocurrency because it is really a decentralized cryptocurrency.

David Wozniak, Co-founder of Apple predicted that Bitcoin is really a real gold and it will take over most of the currencies like USD, EUR, INR, and ASD in potential and become world wide currency in coming years. Bitcoin was the very first cryptocurrency which arrived to living and thereafter about 1600+ cryptocurrencies has been launched with some distinctive feature for every coin.

Some of the factors which I have seen and would like to reveal, cryptocurrencies have been produced on the decentralized software - therefore people don't need an alternative party to transfer cryptocurrency from one destination to a different one, unlike fiat currency where a person desire a platform like Bank to move income from one account to another. Cryptocurrency created on a really safe blockchain technology and nearly nil possiblity to hack and grab your cryptocurrencies before you don't reveal your some critical information.