ALL About Virtual Currency

What is Virtual Currency...

Virtual currency, also known as virtual money, is a type of unregulated, digital money, which is issued and usually controlled by its developers, and used and accepted among the members of a specific virtual community.
                                               -Wikipedia

We have now a days encountered the term BIT COIN  in day to day life So what is a BIT COIN

Bit Coin:-

What is Bitcoin?

• Bitcoin is a digital asset and a payment system. It is commonly called a decentralized digital currency.
• It was invented by Satoshi Nakamoto in 2009.
• It is an open source software. This means, that no person, company or country owns this network just like no one owns the Internet.
• The system is peer-to-peer, that is, users can transact directly without an intermediary like a bank, a credit card company or a clearing house.
• Transactions are verified by network nodes and recorded in a public distributed ledger called the blockchain. To know what is blockchain, click here.

The 6 Most Important Cryptocurrencies Other Than Bitcoin

Bitcoin has not just been a trendsetter, ushering in a wave of cryptocurrencies built on decentralized peer-to-peer
network,it’s become the de facto standard for cryptocurrencies​.
The currencies inspired by Bitcoin are collectively called altcoins and have tried to present themselves as modified
or improved versions of Bitcoin.
While some of these currencies are easier to mine than Bitcoin is, there are tradeoffs, including greater risk brought
on by lesser liquidity,acceptance and value retention.
We look at six cryptocurrencies, picked from over 700 (in no specific order). (Related reading,
see: How Do Bitcoin Investors Combat Price Volatility?)

1) Litecoin (LTC):-

                                                   Worth seven cents then, its value increased along with Bitcoin's, reaching $23 by December, or 328 times its initial value. That means a $100 investment in Litecoin last year would be worth $30,000 now. Litecoin is one of many alternative cryptocurrencies -- or altcoins -- that have popped up in Bitcoin's wake.

2) Ethereum (ETH):-

                                                      1ETH= $150

3) Zcash (ZEC):-

                                                      1ZEC=$161

4) Dash:-

                                                     1Dash=$96   

5) Ripple (XRP):-

                                                     1XRP=$0.208  

6) Monero (XMR):-

                                                     1XMR=$30.52  

The Bottom Line

Bitcoin continues to lead the pack of cryptocurrencies, in terms of market capitalization, user base and popularity. Nevertheless, virtual currencies such as Ethereum and Ripple which are being used more for enterprise solutions are becoming popular, while some altcoins are being endorsed for superior or advanced features vis-à-vis Bitcoins. Going by the current trend, cryptocurrencies are here to stay but how many of them will emerge leaders amid the growing competition within the space will only be revealed with time.

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Bit Coin mining & Virtual Mining 

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                                                                          -Stay Tuned.