The Size Of The Global Cryptocurrency Market Is Predicted To Reach US$ 189.9 Billion In 2017 And Is Projected To Grow At A CAGR Of 56.2% Over The Next Five Years (2017 – 2026)
Cryptocurrency Market Virtual currency is another name for cryptocurrency. It is a sort of money that solely exists digitally and lacks a central issuing or governing body. Cryptocurrency Market Blockchain technology is used to verify the transactions. Blockchain is a decentralised technology that tracks and manages transactions across numerous computers. Additionally, it is a peer-to-peer system that enables users to send and receive payments from anywhere in the world and does not rely on banks to authenticate the transactions. The main drivers of the expansion of the global Cryptocurrency Market are the rising need for remittances in developing nations, the rise in demand for operational efficiency and transparency in financial payment systems, the improvement of data security, and the market cap. Additionally, the development of the cryptocurrency business is hampered by high implementation costs and little consumer knowledge of cryptocurrencies in emerging countries. Furthermore