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How Many Cryptocurrencies Will Be There in Future?


Oct 21, 2017 Posted /  7570 Views


How Many Cryptocurrencies Will Be There in Future?

The Cryptocurrency is an electronic currency, which is developed in a secure manner, with no central bank or federal reserve administering the supply. Therefore, inviting global investors and top organisations to make big profits from this virtual asset. They operate on the principle of Cryptography, which is a process where legible information of a transaction is converted into a sequence of codes, which cannot be cracked or manipulated. And, allows to track all the cryptocurrency purchases and sales.


The history of Cryptocurrency, take us back to the time when the soldiers of nations utilised this technology for secure communications with their higher bosses and central authority and take that decisive step. With time, this pioneering technology has evolved for the goods of mankind, thanks to top computer sciences experts and mathematicians worldwide. Nowadays, Cryptography is been utilised for securing transaction information.

The First Cryptocurrency

In the year 2009, the first cryptocurrency was released, Bitcoin, thus, breathing life into the ever-old idea of a decentralised electronic currency. From one at that point to now, we have thousands of cryptocurrencies as of September 2017.Apart from Bitcoin, many cryptocurrencies are dominating the global virtual currency market, such as the Litecoin.

How Do They Work?

As all the electronic currency make use of the concept of decentralisation, no government interference, it lends a touch of safety and confidence in minds of investors worldwide to consider cryptocurrency as a primary stream of income. What’s best about digital currency, you don't have to present personal information to any merchant when paying with cryptocurrency, unlike your PayPal and credit cards. Additionally, no need to go through any private or government financial institution. Every cryptocurrency runs on the technology of Blockchain, which is public, distributed ledger keep a tap on all the online currency transactions.

The units of cryptocurrency, since not printed or supplied by the government, they are created by a process known as Mining. This process is centred around the computational power of computers to solve the complex mathematical problem. Mining can be done by just anyone, it only calls for a personal computer and a special kind of software to solve problems. Once successfully answer the complicated math problem, the miner in reward gets Bitcoins. The Bitcoins can only be purchased from brokers, and then store them in a secure digital wallet, also popularly known as the cryptographic wallets, where people the owner spend with great ease and better security.

Many cryptocurrencies are developed to steadily lower the production of electronic currency. This places a cap on the currency in circulation, just like the precious metals such as the gold. This, dramatically, surging the value of the cryptocurrency. And, compared to country currencies, cryptocurrencies is hard for law enforcement to seize and demonetization, as it happened in India, 8th the November.

The Future of Cryptocurrency

There is a length of reasons cryptocurrency was inherently popular among the masses, they are safe, decentralised, anonymous, to name a few. At 2017 October, we are still a far from any popular cryptocurrency becoming officially recognized by the government or a financial institution as a mode of payment, but, steps are being taken in that direction, especially the central bank, which is seriously considering Bitcoin. Recently, the value of Bitcoin saw a booming saw a positive fluctuation. Hope is anything but out, the year 2018 will be the year to watch out for a great rise the value and trust of eminent cryptocurrencies.


Besides Bitcoin, Ether, a cheaper electronic currency a rise in price for the first half of the year 2017. Though the current structure of this currency abstains it from being used as a direct mode of payment, cryptocurrency is a bright prospect.

Bitcoin in the Educational Industry

In a recent interesting turn of events, Bitcoin is widely accepted by colleges and universities across the globe. While, the renowned university, the University of Ohio was holding frequent classes on the model Bitcoin for commerce students, and others have included the history and evolution as a part of MFE curriculum. Colleges acceptance of Bitcoin is seen as a positive to help bring transparency in finances of education to reduce scams and frauds. The acceptance of Bitcoin as a means of payment, generally, worldwide, even in developing or undeveloped nations are growing in number in the last couple of years.


Now, the Million Dollar Question- How Many Total Cryptocurrencies Will Be in Future?


At present, there are 12 popular alternatives to Bitcoin. And, with the mushrooming of cryptocurrencies, the features offered are also evolving, like the smart contracts introduced by the Ether currency. At its core, the world of electronic currency is crowding with cryptocurrencies. Therefore, it is hard to predict how many virtual currencies will crop up in the coming future. And, since, there is no global regulating body, it can be in million or trillion, depending on how the year 2018 to 2020 turn out for popular names like the Bitcoin, Ether, and the Litecoin.


As a matter of advice, before you dip your toes for cryptocurrency investment, check the credibility of the electronic currency transaction platform.


The Cryptocurrency is an electronic currency, which is developed in a secure manner, with no central bank or federal reserve administering the supply. Therefore, inviting global investors and top organisations to make big profits from this virtual asset. They operate on the principle of Cryptography, which is a process where legible information of a transaction is converted into a sequence of codes, which cannot be cracked or manipulated. And, allows to track all the cryptocurrency purchases and sales.

The history of Cryptocurrency, take us back to the time when the soldiers of nations utilised this technology for secure communications with their higher bosses and central authority and take that decisive step. With time, this pioneering technology has evolved for the goods of mankind, thanks to top computer sciences experts and mathematicians worldwide. Nowadays, Cryptography is been utilised for securing transaction information.

The First Cryptocurrency

In the year 2009, the first cryptocurrency was released, Bitcoin, thus, breathing life into the ever-old idea of a decentralised electronic currency. From one at that point to now, we have thousands of cryptocurrencies as of September 2017.Apart from Bitcoin, many cryptocurrencies are dominating the global virtual currency market, such as the Litecoin.

How Do They Work?

As all the electronic currency make use of the concept of decentralisation, no government interference, it lends a touch of safety and confidence in minds of investors worldwide to consider cryptocurrency as a primary stream of income. What’s best about digital currency, you don't have to present personal information to any merchant when paying with cryptocurrency, unlike your PayPal and credit cards. Additionally, no need to go through any private or government financial institution. Every cryptocurrency runs on the technology of Blockchain, which is public, distributed ledger keep a tap on all the online currency transactions.

The units of cryptocurrency, since not printed or supplied by the government, they are created by a process known as Mining. This process is centred around the computational power of computers to solve the complex mathematical problem. Mining can be done by just anyone, it only calls for a personal computer and a special kind of software to solve problems. Once successfully answer the complicated math problem, the miner in reward gets Bitcoins. The Bitcoins can only be purchased from brokers, and then store them in a secure digital wallet, also popularly known as the cryptographic wallets, where people the owner spend with great ease and better security.

Many cryptocurrencies are developed to steadily lower the production of electronic currency. This places a cap on the currency in circulation, just like the precious metals such as the gold. This, dramatically, surging the value of the cryptocurrency. And, compared to country currencies, cryptocurrencies is hard for law enforcement to seize and demonetization, as it happened in India, 8th the November.

The Future of Cryptocurrency

There is a length of reasons cryptocurrency was inherently popular among the masses, they are safe, decentralised, anonymous, to name a few. At 2017 October, we are still a far from any popular cryptocurrency becoming officially recognized by the government or a financial institution as a mode of payment, but, steps are being taken in that direction, especially the central bank, which is seriously considering Bitcoin. Recently, the value of Bitcoin saw a booming saw a positive fluctuation. Hope is anything but out, the year 2018 will be the year to watch out for a great rise the value and trust of eminent cryptocurrencies.


Besides Bitcoin, Ether, a cheaper electronic currency a rise in price for the first half of the year 2017. Though the current structure of this currency abstains it from being used as a direct mode of payment, cryptocurrency is a bright prospect.

Bitcoin in the Educational Industry

In a recent interesting turn of events, Bitcoin is widely accepted by colleges and universities across the globe. While, the renowned university, the University of Ohio was holding frequent classes on the model Bitcoin for commerce students, and others have included the history and evolution as a part of MFE curriculum. Colleges acceptance of Bitcoin is seen as a positive to help bring transparency in finances of education to reduce scams and frauds. The acceptance of Bitcoin as a means of payment, generally, worldwide, even in developing or undeveloped nations are growing in number in the last couple of years.


Now, the Million Dollar Question- How Many Total Cryptocurrencies Will Be in Future?


At present, there are 12 popular alternatives to Bitcoin. And, with the mushrooming of cryptocurrencies, the features offered are also evolving, like the smart contracts introduced by the Ether currency. At its core, the world of electronic currency is crowding with cryptocurrencies. Therefore, it is hard to predict how many virtual currencies will crop up in the coming future. And, since, there is no global regulating body, it can be in million or trillion, depending on how the year 2018 to 2020 turn out for popular names like the Bitcoin, Ether, and the Litecoin.


As a matter of advice, before you dip your toes for cryptocurrency investment, check the credibility of the electronic currency transaction platform.


Applancer is an open platform for discussion on all things like Blockchain , Cryptocurrency and Ico news updates. As such, the opinions expressed in this article are the author's own and do not necessarily reflect the view of Applancer .

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Tags: ico Cryptocurrencies altcoins electronic currency decentralisation blockchain Ether currency

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