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New research report analyzing cryptocurrency industry published by leading research firm

New research report analyzing cryptocurrency industry published by leading research firm

New research report analyzing cryptocurrency industry published by leading research firm

Cryptocurrencies offer a viable alternative to traditional government-based currencies. Unlike their counterpart, cryptocurrencies don't suffer from inflation, making them an attractive choice for consumers and investors alike.

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From Bitcoin and Ethereum to Litecoin, Ripple, Dash and more, there are dozens of cryptocurrencies on the market. Also known as virtual currencies, cryptocurrencies such as these are digital and not tangible.

The world's first cryptocurrency was Bitcoin, which was introduced in 2009. Bitcoin, along with other cryptocurrencies, are typically acquired through digital mining.

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Users set up high-end computers that perform calculations in an attempt to break the cryptography. Assuming it's successful, the user will earn the respective cryptocurrency through mining.

The Cryptocurrency Market: Global Indu…ecast 2017 - 2025 report by Persistence Market Research is a comprehensive study of the global crytpocurrency market. As explained in the report, cryptocurrency is believed to be more secure than traditional currencies; thus, lowering the risk of identity theft, financial fraud and other problems from which traditional currencies suffer.

This is because cryptocurrencies offer security authentication, allowing users to send a precise amount to the respective vendor or recipient while limiting the amount of personal information that's disclosed in the process.

This report segments the cryptocurrency market in several ways. For end-user applications, the market is segmented into BFSI, retail, media and entertainment, video gaming, healthcare, travel and tourism, transportation and logistics, and education.

For region, the market is segmented into North America, Latin America, Western Europe, Middle East & Africa (MEA), Asia Pacific excluding Japan (APEJ) and Japan. Not surprisingly, the North America and Europe regions are expected to experience the fastest growth rate for the cryptocurrency market.

With that said, the report cites Asia Pacific and MEA as being emerging regions for the market.

The Global Virtual Currency Market 201… Forecast to 2021 report by ResearchnReports is a second professional analysis of the global cryptocurrency market, though it features forecast insight through 2021. Featuring 129 pages, it explores the exciting and lucrative world of virtual currencies.

Within this report, you'll find key information pertaining to the global cryptocurrency market, including market scenarios, key regions and vendors, cost, revenue, trends, and even a SWOT analysis to better understand the market's strengths and weaknesses. In essence, this is a complete and comprehensive study of the global cryptocurrency market.

Whether you're a consumer or investor of cryptocurrency, you should consider buying these reports. The cryptocurrency market is still in its infancy, meaning there's plenty of money to be made.

These reports can help you make smarter decisions in the cryptocurrency market by revealing key insights into the market as well as future prospective scenarios.

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Paul Hosking - Market Research NewsPaul Hosking
Category: New MediaCompany profile: Paul Hosking, founder of WhaTech writes from his experience with Market Research Reports. Sharing the latest and most interesting reports. Giving investors the "heads up" on what's next!