Cryptocurrencies are based on a decentralized consensus mechanism, as opposed to financial banking systems that rely on a centralized regulatory system. Cryptocurrency established through mining, as the transaction record are added to the public ledger of the cryptocurrency. Cryptocurrency transactions occur immediately and are known to the entire network once they occur.
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Leading Cryptocurrency Market Players:
Bitmain, NVIDIA Corporation, Xilinx, Intel, Advanced Micro Devices, Ripple Labs, Ethereum Foundation, Bitfury Group, Coinbase, BitGo, Microsoft Corporation, Intel Corporation, and Binance Holdings
The global Cryptocurrency market expected to grow with a substantial rate over the forecast period, 2020-2027. Due to the increasing demand of cryptocurrency in payments, which provide heightened transactional security, protection from fraud, low fees, protection from consumer chargebacks, and rapid international transfers. Additionally, the growing adoption of bitcoin in developed nations, and the surge in demand for safer transactions across the international borders will accelerate the growth of the global cryptocurrency market in the future period.
The rising spread of wireless communication and the expanding number of online transaction activities will augment the global cryptocurrency market in the projected period. Additionally, low ownership cost, security, and quicker transactions are vital factors estimated to foster the global cryptocurrency market in the next few years. Further, advantages such as compliance-free peer-to-peer transactions, fast international transactions, and cross-border remittance transfer will robust the global cryptocurrency market in the expected period.
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Reason to Buy
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Cryptocurrency Market
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- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
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