News & Updates
Viewing posts from September 2020
The emergence of virtual currency has become to be a trend from the last decade. Cryptocurrency is emerging as a financial software system. Cryptocurrency is a digital peer-to-peer legal tender where individual’s coins (bitcoins) ownership records are stored in ledgers existing in computerized databases using cryptography to secure transaction records. A bitcoin is digital cash that is not backed up by any country's central bank. The cryptocurrency works with a distributed ledger technology known as a blockchain. This is, according to Anthony S. (2016). A blockchain is a digital ledger book where transactions are copied and supplied through computers' entire system. Each time a transaction is made, all the participants get the information. This article will tackle the history of cryptocurrency, its benefits, and where it has been applied successfully.
The history of cryptocurrency
As a for...