Cryptocurrencies are not only a profitable business but also an extremely risky one. Investors are faced with various risks – falling prices, scams, a long-term economic decline, or problems with the capitalisation of the accumulated funds. It is not without reason that both governmental and EU bodies consider cryptocurrency as a high-risk investment. What are the greatest risks associated with…
Ripple is definitely not one of the cryptocurrencies which catch everyone’s interest and are the source of controversy. Considered to be exceptionally stable, it is subject to rather little variation. The Ripple currency was created mostly to transfer funds in international trade. As such, it is mostly used by banks and other financial institutions. How was Ripple created and what…
Bitcoin is a type of cryptocurrency created by Satoshi Nakamoto, or rather a person or persons concealing their identities under this pseudonym. Bitcoin was first launched in early 2009. At that time, this cryptocurrency was an innovative project, and no one expected it to achieve such success. The creator himself left the project rather quickly, leaving the source code behind…
Litecoin is called Bitcoin’s younger brother. In terms of structure, it is almost identical, differing in a few features to make it more practical for retail users. Litecoin was, by definition, supposed to be an improved Bitcoin and, as such, it works quite well. What distinguishes Litecoin and what are the forecasts for its development?