What is cryptocurrency used for?
The world of the internet is a diverse and vast world, filled with so many things that are not yet fully known to all people. The web is like an iceberg: the part that emerges from the water is the completely visible part of the internet, while the lower part (that is, the one in the water) is the one foreign to the whole world. That's the Deep Web. The Deep Web also includes cryptocurrencies, which have become famous thanks to this hidden part of the internet.
What are cryptocurrencies?
From the name we already know something: cryptocurrencies ( Cryptocurrency in English) are digital coins used to make purchases; they are also called cryptocurrencies. These cryptocurrencies enjoy Blockchain technology which guarantees an unassailable protection system towards these digital currencies: for this reason, they are called cryptocurrencies. Furthermore, payments made with cryptocurrencies are difficult to trace, guaranteeing anonymity even to malicious people.
Who created the cryptocurrencies?
Who is behind cryptocurrencies? In general, these virtual "money" are created and developed by engineers or computer scientists. Behind the creation of these currencies, there are intense computing and IT development operations, as well as tests to verify the solidity of their security.
Since a hacker attack would affect the growth of this digital money, it is important to build a security system that is resistant and that is not so easily bypassed.
What are the most famous cryptocurrencies?
The most famous cryptocurrency is Bitcoin but there are many others such as Ethereum. Behind these there are intense trading activities: since they work just like money, they have a particular value in the financial sector and also in the stock market where many people invest money and shares in them.
Therefore there are great business opportunities and it is also likely that in the future these could become a viable alternative for online purchases.
But as long as cryptocurrencies do not accept various regulations and do not abandon their decentralization (Bitcoin problem) in favor of a centralized system in which there is someone who controls them, they cannot be considered a valid investment alternative in the European market.
While cryptocurrencies are used to buy commons, they are also invested for more obscure purposes. As mentioned previously, purchases through cryptocurrencies are guaranteed by anonymity and therefore you cannot know the sender or recipient.
Precisely for this reason, many people, moved by bad intentions, use them on the Deep Web where there is a huge black and illegal market on which various dangerous commercial activities take place.
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