Experiences and Recommendations Regarding Cloud Cryptocurrencies

Abstract

Cryptocurrencies have been gaining incredible popularity in recent years.Their number has grown from a single cryptocurrency to several thousand, and the peak was reached in the period between 2021 and 2022 when the number of cryptocurrencies doubled to over 12,000.Many cryptocurrencies exist only to make money for their creators.The emergence of cryptocurrencies has changed the way in which people store money, invest, and pay for products and services.The number of companies that support payments in cryptocurrency is increasing, although there is still resistance from some countries to this method of payment.The paper explains how cryptocurrencies can be used, stored, and what cloud storage methods are currently available.It also provides a brief description of technologies that are used to create cryptocurrencies.The second part provides an overview of the profitability of cryptocurrencies, explains whether it is actually profitable to invest in this form of "digital gold", and presents the best options for mining cryptocurrencies.