Month: November 2020
Crypto’s: Redefining the World of Finance
We have now entered into a digital world wherein we mostly rely on the virtual environment for almost anything like communication, finance and exchange. With the virtual environment paved the way to the use of cryptocurrencies. Crypto’s are a form of digital currency which that were developed from an encryption which was created to protect the network. It’s backed up by an underlying technology which serves as a ledger that continuously records online transactions. All cryptocurrencies do not identify its users . There is a code that exists on the Blockchain that makes it’s users anonymous.
This is totally redefining the future of the world of finance. Cryptocurrency has boomed throughout the years. It has soared to become a billion dollar industry which is catching the world’s attention. It has a gilded history that can proves to be something worthwhile. Eleven Years ago, Bitcoin a form of cryptocurrency first came to existence through its founder, Satoshi Nakamoto. After two years Litcoin also launches. Then followed by Ripple. In the year 2013 the rice of a single Bitcoin has skyrocketed reaching to as high at $1000.00 per piece. Then after several years other cryptocurrencies came into existence.