The crypto-currencies are a rare commodity, which confirm that the current investors

The crypto-currencies are currencies increasingly rare. Moreover, the crypto-currency is the most known in the world, the Bitcoin, has reached a new record. The price of this virtual currency is now around $ 8,000. Moreover, investors are increasingly turning to other crypto-currencies. There are currently various types of digital currencies, including Litecoin and Monero.

The crypto-currencies offer some advantages, such as low fees, and use decentralized. In recent years, we have seen the emergence of many start-ups specialized in the trade of crypto-currencies. This has also contributed to the development of enterprises for mining of virtual currency.

The principle of the mining of crypto-currencies

Generally, there are two ways to get digital currency. First of all, an investor can buy the units through a business exchange. On the other hand, it can also participate in the mining of crypto-currencies. The miners secure the network of crypto-currencies. They then receive new emissions of currency for transaction verification, which will be recorded on the Blockchain.

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The miners are running software that usually requires a special hardware, such as asic chips, designed for the extraction of Bitcoin. Computers ensure the resolution of difficult mathematical problems. Traditional investors are turning to this technology very cost-effective. Moreover, the volatility of this market, worrying some leaders and governments. The example of China, which has recently banned the use of crypto-currencies. Moreover, in this country, it is always possible to undermine the digital currency.

The price of Bitcoin reaches a new record

The value of Bitcoin often depends on the application. Also, during this weekend, the price has reached 9 800$. The market of crypto-currencies in general is very volatile. If the Bitcoin reaches a value of four digits, this is not the case with other digital currencies, such as Monero.

 

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The positions of the governments and the interest of the users have an impact on the evolution of the price of the virtual currency.

Source : CBC