The advent of internet technologies has evolved to an unprecedented level, where it has created a digital-first ecosystem that aims to give the common people the highest control.
The evolution of money from barter system, Bretton wood system to fiat money has been a great journey. From ancient times in India, precious metals were used as currency.
The same is the case with Ethereum. Certain issues were faced by those working at the top of Ethereum which resulted in Ethereum 2.0, the London hard fork.
Money, but virtual; that’s the main idea behind cryptocurrencies. Cryptocurrencies are defined as the digital version of money that is created and held as virtual coins or tokens.
Before 2017, if people wanted to invest and multiply their wealth, the only way was to invest in regulated financial instruments such as equities, derivatives, commodities, currencies and bonds.
Despite its skyrocketing popularity and presence in the news, investing in stocks can seem like a rather formidable activity. The risk incorporated in the idea of stock market investing can deter people from diversifying their portfolios beyond fixed deposits, gold and mutual funds.
One of the most popular directions which new-age investors are going is Cryptocurrencies. You may have heard about various cryptocurrencies and how they have made people millionaires in just a few days.