Just over ten years after the birth of Bitcoin, cryptocurrencies and Blockchain technology are an integral part of everyone’s financial landscape and daily life. Despite its volatility, its venture capital, it captivates investors, entrepreneurs and amateur traders. This phenomenon is leading to an increase in virtual currency transactions around the world, even in physical stores. Bitcoin and Ether are the best known electronic currencies on the market and will continue to rise in 2021.
What is cryptocurrency?
Cryptocurrency is a virtual currency supported by a computer network and issued in a peer-to-peer manner. Its operation is based on cryptographic algorithms. In just over ten years, this new type of currency has experienced ups and downs, while experiencing exponential development. It allows you to make purchases with the most complete anonymity and is not governed by any bank. Two elements that explain, in particular, why there are around 1,500 cryptocurrencies in circulation in the market.
It is the most famous and well-known cryptocurrency on the market. Launched in 2008, it is the first digital currency to appear in the world. Despite the declines, disappointments, increases, Bitcoin has become an increasingly reliable financial asset, attracting trade professionals, such as those curious about the stock market. Bitcoin is still rare and valuable. Today, more than 120,000 physical and online stores have adopted the time of Bitcoin worldwide. In France, some 290 companies use virtual currency. In 2021, the dynamics will be the same and interest will continue to rise
These physical stores are located mainly in Paris. With a digital wallet, you can shop on eBay and Amazon. Alongside these two giants, and if we look closely, Bitcoin allows us to acquire many consumer goods such as organic food or baby clothes. In the entertainment industry, this investment will be of interest to players who can be credited with video games and online games. The iGaming industry is no exception. Enthusiasts of technological developments, online casinos have also introduced bitcoins as a means of payment. An article has just come out about a selection of the best online casinos in Canada. Among them, Play Amo, 888 Casino and Leo Vegas accept payments in virtual currency. And because these cryptocurrencies are intended to invade all sectors of society, the Badoo dating site now accepts Bitcoins.
In 2021, Ether will continue to be an excellent investment just like Bitcoin. The second best-known virtual currency on the market was created in 2013 by Vitalik Buterin. At that time, the programmer launched a project called Ethereum that aimed to create a protocol to simplify and secure online exchanges. It is relatively easy to buy this coin. Traders can purchase it directly through a commission or through an exchange site. The figures for 2019 are exceptional, as Ether achieves a 900% increase. This electronic asset is highly volatile and increasingly liquid. The result is many ups and downs in 2020. Nevertheless, the lights are green by the end of 2020 and optimism is right for 2021. The reason is simple: the project update begins in December 2020 to offer the version Ethereum 2.0. Good news for all emerging investors and an update awaits the Ether community. Called Serenity, Genesis 2.0 will be spread over three stages. She wants to simplify data processing and improve the performance of the Ethereum protocol.
The development of currencies still attracts so much in an age increasingly focused on Blockchain technology. In 2021, the two best-known cryptocurrencies will once again attract investors thanks to increasingly democratized Bitcoin transactions and an Ethereum protocol that is entering its Genesis 2.0 phase. The popularity and reliability of these assets has allowed other currencies to see their prices explode as forecasts for Tezos (XTZ), Chainlink (LINK), Binance Coin (BNB) and VeChainThor (VET) are announced.