10 BEST PENNY CRYPTOCURRENCIES OF 2018 THAT IS EXPECTED TO BRING HIGH PROFITS IN FINANCIAL MARKET!!

Introduction

Who knew one day that this five-lettered world could matter so much to this whole globe? Not only has this tiny thing made such an impact on the world economy, but also sometimes, it feels as it the Mother Earth itself stands on strata of money.

Liquid or hard, cash or credit cards. We try to avail this premium living through different measures. Various functions of money are in the fields of cryptocurrency exchange rates, in savings, in accounting etc. In the modern world, the monetary systems are located in the field of fiat money. But during the historical times, this money was done through gold or silver coins. Dating back way more, barley, rice or staple supply of such was used as a medium of trade.

As an alternative to bartering, money was upheld all over the world. Being of three types like-

1.       Commodity money that has the intrinsic value of the commodity

2.       Representative money that is not money itself, but other items that may act as representative for money, and

3.       Fiat money that has no intrinsic value, but which is used purely as money itself.

This benefit can be availed by every human.

Nowadays, such valuable items are not just made available physically, but also through the technology of electronics.

Crypto-currency, as the name suggests, is a medium for the monetary exchange that takes place using the methods of cryptography that helps in the heavy security of not only alternative wealth but mostly in the terms of digital money. Used specifically apart from the governmental currencies, all cryptocurrency has been potentially used in the methods of development as an alternative to the existing methods of payments.

The CRIX or the CryptoIndex is a hypothetical concept published recently, in the year of 2014 that is made up of an algorithm that uses the information about how much the cryptocurrency market is evolving frequently, with the on-going creation of new cryptocurrencies. The legal part attached to this money is different in each and every country, depending upon their monetary status around the world. Some countries use this method for their various exports and imports, whereas some parts still haven’t availed this offer.

Bitcoin, the first best cryptocurrency in a decentralized manner was the first one, in 2009. It had risen up from a mere value of 0.05 dollars to 12.00 dollars in a course of four years. Considered to be an SHA-256 coin, Bitcoin used an algorithm for the ‘proof of work’. The various alternative, that consists of different mixtures of Bitcoin have surfaced. They have been called altcoins. X11, X13, X15, NIST5 have a cent percent proof of stake. Several altcoins such as-

• Bytecoin
• Dash
• Devcoin
• Dogecoin
• Hayek
• Litecoin
• Monero
• Namecoin
• Peercoin
• Reddcoin
• Ripple
• Shadowcash
• zCash

Losing out on money is inevitable, but making larger profits with the same money, which not only cancels out on the loss but also adds on to your savings, are the real deal. These methods use the phenomenon of decentralized monetary control as an alternative for centralized flows of cash or banking systems. 

Not only has this valued treasure used as a positive item, but much of the cons going on all around the world have money on the basis of them all. Counterfeiting money has become an everyday trend now. Use of illegal methods for duplicating money into various forms, mostly into black money through professional help, is too common now. Terrorism financing, evasion of taxes, and other such negatives have hampered the beauty of this capitalistic item.