・Cryptocurrency

Cryptocurrency is a currency on the Internet that anyone can use and pass it to anyone.

Cryptocurrency was shown for the first time in a paper submitted by an identity unknown economist named "Satoshi Nakamoto", and the first cryptocurrency "BIT Coin" was born.

Cryptocurrency is managed by a block chain.

Block chain is a distributed ledger or distributed network, which is a mechanism to ensure the legitimacy of transactions by distributing and sharing transactions and monitoring them.

Such a mechanism is called "Peer to Peer (P2P)", and users can directly trade without intervention of a third party.

Cryptocurrency has an issuing cap.

In statutory currencies, the upper limit of issue is not fixed and can be issued as much as necessary.

Therefore, unexpected inflation may occur and the value of the currency may collapse.

But, in most Cryptocurrency there is a limit on the issuing cap.

 

・Benefits of Cryptocurrency

Cryptocurrency are exchanged without going through central banks and financial institutions, there is the advantage that remittance to overseas etc. and the fee for settlement are lowered, and remittance and settlement time can be greatly shortened.

The value is guaranteed only by the credit of the user, and it is hard to be affected by the policies of the central government and the central bank.

Because of this, Cryptocurrency becomes a fledgling destination of money at the time of the financial crisis, and currency value fluctuates greatly due to speculation etc.

 

・Disadvantages of Cryptocurrency

Meanwhile, it is easy to use for illegal trade, tax evasion, money laundering, because of the difficulty of observation under the law, and the risk of becoming a hotbed of terrorism and narcotic funds is pointed out.

Also, be careful that the price of the virtual currency tends to fluctuate greatly due to various factors such as the user's supply-demand relationship, for example because it does not have a backing asset.

 

・Exchange

Exchange is the greatest duty to gather the users who want to buy and sell cryptocurrency and act as an intermediary to trade customers.

By trading in cryptocurrency, fee is generated and it is profitable.

Therefore, the exchanges often represent the scale by the transaction volume of the cryptocurrency.

There are so many exchange now around the world.

However, many of them are unlicensed exchange.

Maybe,from now on it will only be approved exchange.

 

・Current status of the exchange

There are many exchange now, but I will introduce some famous ones.

Binance(HK)  34,912BTC

bittrex(USA)  988BTC

BitMEX(Seychelles)  296,147BTC

Bithumb(Korea)  15,676BTC

Coincheck(JPN)  3,441BTC

Note: It is the transaction quantity of bitcoin per 24 hours.

By coinmarketcap(2019/1/1)

 

Bit coin(BTC) chart

Note: Information source "coinmarketcap(2018/12/14)".

Ripple(XEP) chart

Note: Information source "coinmarketcap(2018/12/14)".