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What is crypto currency?

 What is crypto currency and how does it work?

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Every one heard about Bitcoin, but what about others crypto currency ethereum solana polkadot and many more? What are these? 
All of them are examples of crypto currency, you can buy these currency with real money via many exchanges.

A digital currency or virtual currency secure by cryptography and based on network that distributied across world.


You can't buy meal at restaurant, shopping, with Bitcoin and other crypto currency but now it's gain popularity and many companies accept crypto currency for payment. Crypto currency ( digital currency) is becoming more popular and valuable in 2022.

Crpyto currency are basically virtually existing money that most person use for investment purpose.  Crpyto expert says it's transaction are more secure than other online transaction.


How crypto currency work?

Let's understand with a example, a story of a casino lover.

When you are at a casin, you can spend real money to purchase chips. You use them  to gamble. When you are done you make more chips or you lose all chips. Then you go to cashier with chips to cash them to real money.
 
Crypto operate in same manner you purchase crypto with real money then you can store these currency or sell them on high price and withdraw your money.

Popular crypto Wallet in india wazirx, zebpay. 

Note: this is not a advice to invest in crypto market. Please do your own research before investing.

Crpyto in India:

Crypto started in 2008 in india. Published a paper titled bitcoin a peer to peer electronic cash system in 2008. 

Bitcoin is the oldest and most popular crypto currency. It's value change in 24hour 0.83%. currently its price is 19,38,900 according to coinswitch.

According to a survey, india is the fastest growing crypto currency market in the world. 
Expert predict that India will play a major role in crypto market. 

Is crpyto going to crash



Crypto market open 24 hours. In this market there is always pump and dumps. But recently crypto market dumped. Expert says crpyto market is like a bubble. 
It's certainly seems like bitcoin bubble has brust as investors have lost confidence in the crypto market.
In 2021 the price soared by more then 700% all time high  $69,000 in November. But in June 2022 it dump below $18000.
Luna crash it's dumped to 100% and investors lose all their investment in luna.
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