Cryptocurrencies sjcx to bitcoin making a grand comeback and exploding in value. Tomas Laurinavicius is a traveling lifestyle entrepreneur and blogger from Lithuania.
He writes about habits, lifestyle design, and entrepreneurship on his blog and weekly lifestyle design newsletter. Tomas is currently traveling the world with a mission to empower 1 million people to change lifestyle for good. One bitcoin is now twice as valuable as an ounce of gold. The last time the Internet was so abuzz with conversations about cryptocurrencies was the infamous Mt.
480 million worth of bitcoins were stolen by hackers. Then, many didn’t realize that the attack was on the company itself and not the blockchain, the backbone on which every cryptocurrency operates. In fact, the blockchain can’t be hacked. Today, however, the cryptocurrencies are making a grand comeback and exploding in value.
Before we take this any further, though, let’s establish the obvious: bitcoin is not the only cryptocurrency. There exists a great variety of bitcoin alternatives, the second most popular probably being ether. Cryptocurrencies are simply a form of virtual money created by computer networks. They are regarded as secure of an investment as gold, mostly because they can’t be directly devalued or easily confiscated by any government. Besides, digital money like bitcoins or ether can be shunted to another country instantly and effortlessly. The investors are going crazy about cryptocurrency startups because virtual money eliminates the need for banks and enables users to make fast and anonymous transactions at no cost, almost as simple as sending an email. The experts believe that cryptocurrencies are the future of money.
If you’re struggling to see what the big deal with cryptocurrencies is, meet these seven startups that are sure to strike a sense of awe into you. Its philosophy is grounded in the belief that Bitcoin makes people’s financing quicker, more flexible and frictionless. The company is essentially a one-stop-shop for Bitcoin users, with services ranging from Bitcoin Exchange that allows anyone to buy and sell bitcoins within seconds to Bitcoin e-wallet, where users can store, send and receive bitcoins from anywhere in the world. Bitcoin prepaid debit card to pay for something abroad, dodging the bank fees.