What is cryptocurrency?

Cryptocurrencies are a digital currency that are secured by cryptography. Many cryptocurrencies are decentralized networks that make use of innovative blockchain technology. They allow for secure payments online, independent of a central authority such as banks.

How many cryptocurrencies are there?

Bitcoin was the first real cryptocurrency in existence. It was created in 2009 by Satoshi Nakamoto and has remained the most important cryptocurrency ever since. However, bitcoin is not the only cryptocurrency that exists.

Nowadays there are thousands of different cryptocurrencies. Many of them see little volume, but a few hundred are extremely popular. Cryptocurrencies other than bitcoin are called ‘altcoins’. There are also stablecoins. These are cryptocurrencies that have their price pegged to an underlying fiat currency such as the dollar. They represent a digital version of their traditional fiat currency.

The king of altcoins – cryptocurrencies other than Bitcoin –  is Ethereum (ETH). But there are a lot of other heavy hitters. Projects such as ethereum and even Cardano (ADA) have established themselves as serious contenders for the top spot. 

The field of cryptocurrencies is always expanding. The next digital token may be released in just a few hours. The cryptocurrency ecosystem offers everyone a piece of the pie. Different sectors such as decentralized finance (DeFi) offer access to financial services without the need for a middleman and smart contracts are set to revolutionize the way we conduct business.

Why are cryptocurrencies so popular?

Cryptocurrencies are extremely popular and this popularity is rapidly growing. The market capitalisation of the cryptocurrency market has exploded over the years and shows no signs of slowing down. So why are cryptocurrencies so popular?

First, cryptocurrencies promise to make the transfer of funds between two parties much easier without the need for a third party such as a bank. These transfers are almost instantaneous, cheap and very secure due to blockchain technology. Transfers are secured using private and public keys and different forms of incentive systems. Security is one the greatest strengths of crypto.

Blockchain technology makes it possible to create an online ledger of all the transactions that have ever been made, thus providing a transparent data structure to show participants the network is running according to plan. 

The potential of this technology is endless. Not just the transfer of money can be realised using cryptocurrencies. A wide variety of applications is possible using this transaction system. Examples of these possible use-cases are online voting and crowdfunding. 

Because of these reasons the world of cryptocurrencies has exploded in popularity over the last few years. Adoption of crypto by businesses and even countries has only just begun. Therefore it is safe to assume the future of this innovative world is bound to be bright.

Are cryptocurrencies legal?

Many people still wonder whether the use of cryptocurrencies is even legal? To that question there is a very simple answer and that is: most likely yes! 

Cryptocurrencies are completely legal in the vast majority of countries all over the world. There are a few exceptions though. In some countries such as China the use of cryptocurrencies is very heavily limited by the local government. In China the use of crypto exchanges is illegal and bitcoin mining has been completely banned. In Russia and a few South-American countries payments using bitcoin are illegal.

The fact remains that in most countries the use of cryptocurrencies is completely legal. There are even some countries that are exploring ways to make bitcoin and other cryptocurrencies a legal tender. 

Why you should use cryptocurrencies

The global economy is inevitably moving towards a digital ecosystem. From investing to the transfer of money. Everything is going to be digitalised. The financial system where paper is no longer used is coming ever closer.

The world of cryptocurrency and blockchain is at the forefront of this development. Not only that, but the use of crypto offers a lot of significant advantages compared to the traditional financial system.

The use of crypto is fraud-proof. It is pretty much impossible to commit fraud using blockchain cryptocurrencies. All transactions are stored in a public ledger and the identities of coin owners are encrypted to ensure the legitimacy of record keeping.

The world of crypto is decentralized. Cryptocurrencies are not issued by a central authority such as a government or a central bank. Therefore these entities hold no power over the owners of cryptocurrencies.

Ease of use and accessibility are the main reasons why you should be using cryptocurrencies. Transactions using blockchain technology are extremely cheap and pretty much instantaneous. 

Lastly, everyone with an internet connection has access to the enormous potential crypto and blockchain have to offer. You don’t need to have access to the current traditional financial system to participate in the new digital economy. 

The financial world is changing fast and cryptocurrencies are sure to lead the charge.

Get paid in cryptocurrency

Bitcoin and other cryptocurrencies are slowly but surely taking over the world. As a result the possibilities are growing. Today it is even possible to get paid in bitcoin. Especially many companies that focus heavily on blockchain technology will not hesitate to allow salaries to be paid in bitcoin.

On Blockchain4talent.com we offer many such job vacancies. Are you interested in cryptocurrency jobs or bitcoin jobs? You have come to the right place. We offer more than 1,000 different cryptocurrency and bitcoin jobs and many of them even come with the option to receive payment in the form of bitcoin or ethereum.

Do not wait any longer and apply for your dream job today!

Work with cryptocurrency

Bitcoin and cryptocurrency jobs all around Europe are in huge demand. As the adoption of bitcoin by companies ,and even countries, is expanding, so is the availability of Bitcoin related jobs. The world of cryptocurrency is bigger than just bitcoin however.

A plethora of other cryptocurrency jobs are available on our website. Ethereum jobs are a great example of this. Development around the second largest cryptocurrency is never ending and the potential of this cryptocurrency is limitless. 

The industry is so new and revolutionizing that crypto-knowledgeable people are in great demand and hard to find. Luckily, this means a lot of job openings are often available. 

Do you believe cryptocurrencies are the future of finance and do you want to take part in this technological revolution? Apply for one of the many blockchain job vacancies related to cryptocurrencies.

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