I few years ago I bought a bit of a Bitcoin at a pub here on the Isle of Man. I thought that was amazing, the future of money and not controlled by a government.
In some parts of the world it has grown very quickly with a lot of adoption by users and some businesses. There are many different types of cryptocurrencies besides the big one Bitcoin.
Here are some of them:
The one that stands out in 2017 is Ethereum.
Ethereum is an open-source, public, blockchain-based distributed computing platform featuring smart contract (scripting) functionality. It provides a decentralized Turing-complete virtual machine, the Ethereum Virtual Machine (EVM), which can execute scripts using an international network of public nodes. Ethereum also provides a cryptocurrency token called “ether”, which can be transferred between accounts and used to compensate participant nodes for computations performed “Gas”, an internal transaction pricing mechanism, is used to mitigate spam and allocate resources on the network.
A lot of money is being invested into Ethereum based technology.
Ripio Closes $37 Million ICO for Ethereum Lending Network
Bitcoin however seems to be going through a number of forks. Recently there was Bitcoin Cash and coming soon is Bitcoin2X. If you want a fantastic article to read about this, check it out here from TheNextWeb
If you are interested in mining Bitcoin, this is worth reading.
“There are 3 eras of currency: Commodity based, politically based, and now, math based.” Chris Dixon, Tech Investor.
If you plan to invest or mine – Be Educated & Be Careful!
Thanks for your time!