These are the elements of Cryptocurrency
These are the main factors that are considered when engaging in crypto currency!💵
💰Price Stability: How has the price reacted over the market most volatile moments. The more stable the price the better and seamless it is to trade.
📶Scalability: How well does the network of a currency’s blockchain handles as more nodes are added to the network.
🔒Privacy/Encryption: Hence the name, “#cryptocurrency , you want to ensure the currency you are investing in provide it’s users with the best encryption services for transaction.
🌐Decentralization: How decentralized is their blockchain Network. Because most crypto currencies aren’t backed or regulated by a central power, the power and governance of the currency is solely based on users/nodes tied to the network. Some crypto currencies still have centralized tendencies to keep a viable business model.
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