What is Cryptocurrency

Ever since humanity first started to settle into permanent villages after the discovery of basic farming methods, things like commerce and transactions became a great deal more common in some way, shape or form. A big part of the reason why that is the case has to do with the fact that communities and settlements that specialized in a particular crop might have wanted to exchange this crop for something else that they required, and they generally bartered to make sure that everyone got compensated adequately.

The thing is, trading and bartering quickly became rather old fashioned which is why we started to use fiat currency at any given point in time. While fiat currency did a lot to revolutionize trade and commerce, suffice it to say that it is also become extremely obsolete thanks to the invention of cryptocurrencies. If you go to Yieldnodes, you will find a wide range of cryptocurrencies that you can buy, and the main benefit of these currencies is that they rely on algorithms and decentralized blockchains to process and record transactions.

As if that weren’t already enough, cryptocurrencies are not subject to the whims of central banks that you might not all that much control over. It can be really frustrating when the value of your savings is cut in half due to currency depreciation, but if you had stored these savings in the form of cryptocurrencies this would not be possible in even the remotest sense. Cryptocurrencies represent the future of how commerce will be conducted in the coming years, and if you manage to invest in them now you’d be able to say that you got in on the ground floor all in all.