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(IT-NEWSWIRE.COM, December 16, 2017 ) Over the last few years, there is a rapid evolution of use case for crypto currency which creates a number of opportunities and threats for existing government and financial institutes. Crypto Currency are a digital coded scripts that attempt to imitate the government-backed currencies. It is a digital mode of exchange that is created and managed through cryptography to protect the transaction, increase supply and prevent frauds. These are designed to fulfil the purpose of exchanging the digital information using process enabled by ethics of cryptography. Crypto currency transaction are tracked by block chain which are made up of miner that uses highly-efficient network of computers to solve complex mathematical sequence in exchange for transaction fees. Bitcoin and the other digital currency are decentralized system that means they have no central security. Crypto currency such as bitcoin reflects the fundamental structure of the internet and World Wide Web, named as distributed model where operating model and software become self-sustaining. Crypto currency includes some of the benefits such as reduced fraud, global currency, and decentralization, quick & easy payment and identify theft.
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One of the major driving factor fueling the growth of crypto currency is negligible fee for the transaction in crypto currency, there is no fee for transaction for crypto currency exchange berceuse the miner are compensated by the networks. In addition to this there are several other factors surging the growth of crypto currency are elimination of third parties in the business deals, less chance of fraud, identify theft, cost-effective and no boundaries. However, the factor hindering the growth of crypto currency is lack of awareness about the crypto currency among the people. Block chain technology is implemented for flexible financial services in crypto currency is expected to boost the market over the forecasted period.
Crypto currency market is segmented on the basis of type which includes bitcoin, litecoin (LTC), etherium (ETC), zcash, dash, ripple (XRP), monero (XMR) and others.The market is segmented into major regions that include North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA) and South America (SAM). The major countries included are considered in the scope of the study such as U.S, Canada, Mexico, France, Germany, Italy, Spain, UK, China, Japan, India, Australia, South Arabia, UAE, South Africa and Brazil. Some of the key players which dominate crypto currency market are Bitfinex, BitFury Group, Bitstamp, Coinbase, Coinsecure, Litecoin, OKEX Fintech Company, Poloniex, Ripple, Unocoin Technologies Private and ZEB IT Service.
Global Crypto Currency Market Players:
Bitfinex
BitFury Group
Bitstamp
Coinbase
Coinsecure
Litecoin
OKEX Fintech Company
Poloniex
Ripple
Unocoin Technologies Private
ZEB IT Service
Complete Report is Available at http://www.reportsweb.com/crypto-currency-market
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