Daily Archives: November 14, 2019

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Cryptocurrency was first introduced 10 yrs later by the japanese american physicist ”Satoshi Nakamoto” who developed the bitcoin’s,authored the bitcoin white paper, and created and deployed bitcoin’s original reference implementation.His goal was to invent something that many people failed to create before digital cash . HOW CRYPTOCURRENCY WORKS ? Cryptocurrency is an internet-based medium of exchange which uses cryptographical functions to conduct financial transactions. Cryptocurrencies leverage blockchain technology to gain decentralization, transparency, and immutability. The most important feature of a cryptocurrency is that it is not controlled by any central authority.The decentralized nature of the blockchain makes cryptocurrencies theoretically immune to the old ways of government control and interference. Cryptocurrencies can be sent directly between two parties via the use of private and public keys. These transfers can be done with minimal processing fees, allowing users to avoid the steep fees charged by traditional financial institutions WHAT IS BLOCKCHAIN ? […]