Cryptocurrency trends have gone very far.
Ruling the digital world.
Knowing about what cryptocurrency is
It is a
A cryptocurrency (or cryptocurrency) is digital asset designed to work as a medium of exchange that uses strong cryptography to secure financial transactions, control the creation of additional units, and verify the transfer of assets.
Cryptocurrency is a kind of digital currency, virtual currency or alternative currency.
Cryptocurrencies use decentralized controls opposed to centralized electronic money and central banking systems.
The decentralized control of each cryptocurrency works through distributed ledger technology, typically a blockchain, that serves as a public financial transaction database.
Bitcoin, first released as open-source software in 2009, is generally considered the first decentralized cryptocurrency.
Since then, over 4,000 altcoins (alternative coin) variants of bitcoin have been created.
If there is one revolution that is slowly paving the path towards a connected world, it is Blockchain technology. Blockchain has, in fact, brought innovation and new opportunities across the globe in many industries. It has given way to the popularity of Bitcoin and Cryptocurrency and with spectacular gains of over 3000% in 2017 followed by volatility in 2018, it’s fair to say this asset class has got our attention.
To break down the potential of Blockchain and to understand how scores of industries are benefiting from this revolutionary technology, we need to analyze it in comparison to other disruptive innovations of the past.
Understanding the DotCom innovation and how Blockchain is gradually taking over can give us a panoramic picture of what the future holds.
So that’s what we have and want to know about crypto amd there’s much muchmore to know about.