Penetration Status of Cryptocurrency

It is a cryptocurrency made with the most advanced technology, but it is hard to say that it is widely spread throughout Japan as a feeling while we live. So, let's see what kind of scene the cryptocurrency is used in the world and in Japan.

Countries Where Cryptocurrencies are Spreading

It is the Chinese that we imagine soon after saying that the cryptocurrency is popular. When topics of cryptocurrency are picked up on television etc., in most cases, images in China flow. As part of the reason why cryptocurrencies are popular in China, there is a low trust in cash. In China with a large population and severe wealth difference, counterfeit banks rampant and confidence in cash, especially paper money, was in a state of weakness. Therefore, it is thought that it was one reason for popularization that the foundation for using unconventional money was created before the spread of cryptocurrency, such as electronic money. Even in other countries, the spread of cryptocurrencies is progressing, there are many countries where the sense of electronic money payment etc is rooted in origin.

Which shops can pay in cryptocurrency?

Due to the nature of the cryptocurrency, the spread to net shopping and so on occurred the earliest. However, in addition to that, shops that can use cryptocurrency at actual shops, such as shops and restaurants that handle electronic equipment, are also spreading. The fact that BIC camera, which is a major consumer electronics retailer, introduced payment with bitcoins was also taken up largely in the news. In the past, there are cases in which land trading was established in the cryptocurrency

Mining business

Remuneration for mining is paid only to the person who recorded the block by subtracting "hit" in the hash calculation. So even if one million people make efforts to connect blocks, it is only one successful person who pays compensation. The current mining is too large and it is extremely difficult to draw "hit". Therefore, a service called mining pool appeared. A mining pool is a mining place in English, meaning that certain users gather together to conduct mining jointly, regardless of who pulls "hits", such services as allocating to users according to the calculation speed is. This made personal mining easier.