Since the beginning of time, inventions has been a part of human beings. Most inventions are prompted by the need of improving people’s lives. Change for something better has seen people revolutionize every sector in society including matters to do with finances. The evolution of finances has seen it go through a number of steps to get to where we are at the moment. For humans always wanting to find an avenue that they can put their money in order to acquire more of it has been the order of the day. The modern days have seen man invest online in stocks.
Crypto currencies are the newest inventions when it comes to finance and investments and all these has been pushed by advancement of technology. These currencies are a form of investing money on the internet. A crypto currency is a digital medium of exchange that uses cryptography to enable transactions that are secured. The main features of this currency are;
It is highly secured making it not able to be counterfeited.
Another distinct feature for this kind of currency is that it is organic meaning and this means it is not attached to any centralized authority making it immune to manipulation.
Its recent indulgent in the market makes it unique with some advantages.;
The transactions involved with the internet have made it easy because it is just direct without much expalantions. Low transaction costs is what crypto currency is about.
Hackers and other online fraudsters cannot get money belonging to another person.
Transactions and services offered with this kind of currency is through a process dubbed cloud mining by technologists. This is the use and investment of one’s crypto currency that involves the compressing of transactions to make it shorter and more understandable.
To be a part of the crypto currency trade, one has to be entered into a database and gives access to the currency by leasing a machine for mining.
Cloud mining requires that someone is assisted into the system by a managing company that acts as a broker.
One of the companies that offer this service is the Genesis Mining Company. This company has helped a lot of clients purchase the required currency and start trading. People do register on the Genesis Mining company in get access to mines. One has to find their account and follow by choosing a mining plan that they prefer.
In order to know where a person is in terms of trading this currency, they have to keep a record of their transactions. In crypto currency, this is done by a calculator kind of programme known as ethereum calculator. This currency is used to determine many things including losses and profits.