Investing in Cryptocurrencies – What is Decentralized Cryptocurrency?
Decentralized Cryptocurrency is a form of digital currency that has not been touched by government regulation. Whereas cryptocurrencies such as Monero (XMR), Zcash (ZEC), and Peercoin (PPC) have had limitations enforced by law, Cryptocurrencies such as Dash (DASH) and Verge (XVG) are unregulated and allow for unlimited growth with little government oversight. Even though Dash and Verge are relatively new, they have already begun to replace traditional currencies.
If you want the most secure way to make virtual money, look towards Dash and Verge. Unlike other cryptocurrences which force their users to jump through hoops or otherwise hold their breath while converting their assets into the host coins, Dash and Verge enable complete privacy and fungibility of your virtual money. Because these currencies are not backed by any government, their supply is completely based on demand and the same goes for their distribution. Because there is no central authority or regulatory body to control the supply or exchange of these virtual currencies, they grow exponentially. Unlike regular currencies that are bought and sold through a variety of exchanges and financial institutions, there is no physical money involved.
Like other virtual currencies, Cryptocurrencies function on a distributed network. This is a crucial feature for two reasons. With the distributed network comes less risk of hacking and fraud, since there is no central location from which transactions are made. Secondly, it ensures a much lower maintenance cost for the owner of a distributed currency. Since there are no commissions and fees involved with being a holder of one of these highly valuable and secure virtual currencies, they are easy to get started and provide an excellent place to start in securing your wealth.