Cryptocurrencies: An alternative neutral currency for globalization of services

The move from metal coin & paper money to electronic wallets is in progress .

While travelling around various countries, it is now possible to not have to carry fiat currency with us, and instead we do everything digitally., it has now been the case for years that anything can be bought with a card, no matter what the value.

Day by Day we are operating via digital and mobile banking, money has moved from being ‘a thing’ we carry, to numbers we move around. In such an habitat, it is unavoidable that new types of currency will appear to challenge the historic norms. Cryptocurrencies, such as Bitcoin, takes a major step by using a pattern which reflects the underlying structure of the Internet and World Wide Web, namely a distributed pattern where the software and operating model becomes self-sustaining. So in such habitat, we believe it is more a matter of ‘when’ rather than ‘whether’ such models will impact our existing currency structure.

Rather from developed country now a days developing countries such like India is also promoting cashless transaction & creating lots of opportunity for electronic transaction via internet mobile banking & creating awareness about the technology . In such cases, if money needs to be exchanged between individuals, it may be best for the agreed value to be held in a neutral form. In recent years the USD has often been considered as that form, but offering autonomous, unbiased cryptocurrency, such as Bitcoin, can be a replacement of that model. This global, ‘neutral currency’ for use in developing nations is identified as an important opportunity and use case for some observers of cryptocurrency. It will, however, rely on the ‘neutral currency’ having a prominent value for people to want to use or accept it so it will probably only evolve as the currency stabilizes and matures.

The increase rates of consumer uses of electronic mode of transaction & interest creating towards technology is a sign that they are likely to have a significant impact on present system .The rapid growth of capabilities and use cases for cryptocurrencies creates a number of opportunities, Now is the time to follow the potential scenarios in which these use cases can be embraced as once change happens it could be extremely rapid.

In contrast with official site Litecoin is peer-to-peer cryptocurrency & open source software design released under MIT/X11 license .Former google employee Charlie Lee has created litecoin in Oct 2011..It went live on Oct 13 2011.The inspiration behind the designing of this project was basically BITCOIN & it's feature are some what identical with Bitcoin . From the previous record we can make the idea that the growth rate of litecoin is tremedeous. During the month of Nov 13 the aggregate value of litecoin gain massive growth .In view of this graph below we can make the outcome that Litecoin gains a great growth rate till now. LITECOIN CHART (2013-2018) Basically Litecoin has various positive features in contrast as in aspect of speed Litecoin transaction over Blockchain in very less in contrast to Bitcoin it takes only 2.5 mins to complete...

HOW CRYPTO MARKET WILL RECOVER?

We may not think that's a very long time, but given how fast the cryptocoin market moves. Today also bitcoin is still largest crptocurrency in the market & still leading the market .The reason for downfall of price are abundant but natural it will take some time rise but still focusing on market & seeing their the growth rate after the downfall is tremendous as its nearly about 850% growth year by year.In early stage today also user can make a good space for profit. Roughly an asset's price won't fall far below the market's assessment of a fair price — or at least it won't stay there too long.if company stock fall on news due to their product but if company's revenue is up , the same thing happens here in past last week , we haven't seen a lot"s of sell. Usually, when Bitcoin is rising, altcoins follow. Nevertheless, it is also the other way around; when Bitcoin drops the crypto market as a whole takes a hit.Although their had been num...

WEISS RATING.

BITCOIN has been ranked by the weiss cryptocurrency rating for the first time . But what grade did bitcoin get? Weiss rating has published has published the first bitcoin & crypto currency grades by any rating agency in the world. Synopsis: The new Weiss Cryptocurrency Ratings are the first by a financial rating agency. They are based on a original model that analyzes multiples of data points on each coin’s trading design, technology, and usage. The new global platform of cryptocurrencies has provided amazing profits to investors and holds great promise for the future. Millions of new investors have entered in. Hundreds of self-declared experts have appeared to advise them. But the market suffers from lax standards, murky operators, marketing hype, and periodic market crashes. Financial service rating company has first time ever rated 74 crypto currency on their basis of technology , usable pattern , design . BITCOIN , popularly known and gl...

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