The answer is simple. People want versatility and don't need country or bank restrictions. Cryptocurrency meets these requirements.
Also, the digital currency is protected by cryptography and you worry less for that kind of money - the protection is really very powerful. Such coins cannot be counterfeited or banned. For operations with cryptocurrency, only its number is needed and there is no need to issue its physical media.
An important detail is anonymity. When making transactions, the details of the recipient or payer are unknown. All you need is a wallet number. In our age, anonymity is a luxury, which is why cryptocurrency is so popular.
Plus, you yourself can get cryptocurrency from nothing. If you print real money, then it will turn out not in the best way for you. In the case of digital money, on the contrary, you can earn good money and exchange it for regular money. Such income from the air is very attractive.
Types of cryptocurrencies
2008 was the start for cryptocurrencies. And today there are already thousands of them! However, almost half of them are empty shells that are essentially not provided with content.
Of those cryptocurrencies that are, consider the most popular:
1. Bitcoin (BTC, bitcoin, at the moment one bitcoin costs 13,400 US dollars). In simple words Bitcoin is a pioneer in the world of cryptocurrencies. Other types of currencies were created on the basis of bitcoin. this is the very first digital currency, on the basis of which all subsequent ones were developed. Who Invented Bitcoin? The founder of bitcoin is Satoshi Nakamoto, who led the development team. The limit for issuing coins of this currency is 21 million.
Read also the article “Bitcoin, what is it in simple words”
2. Ethereum (etherium, currently $720). Vitaliy Buterin is the founder of Ethereum. It was developed in 2015. Despite its youth, the currency is as popular as bitcoin.
3. Litecoin (litecoin, LTC, costs 250 US dollars). This cryptocurrency was invented by Charlie Lee in 2011. If we carry out anologies, then litecoin will be silver, and bitcoin is an analogue of gold. Litecoin also has a coin supply limit of 84 million units.
4. Z-cash (Z-cash, $500).
5. Dash (dash, 1000 US dollars).
6. Ripple (Ripple, $2).
We can also add Darkcoin, Primecoin, Peercoin, Dodgecoin, Namecoin and many others to the list of cryptocurrencies.