What is Crypto Currency

What is Crypto Currency


What if there is technological power that it transforms the basic financial basis on which our society rests, this technology already exists and its called Crypto Currency. People often think of this type of currency as only virtual money or a transaction system but if you look closer, you'll see that the monetary aspect is only one part of the story. That's because a crypto currency is a ground breaking internet technology for which money is only one of the possible applications. Software's powering crypto currencies enables a network of computers to maintain a collective book keeping via the internet, this book keeping is public and available in one digital ledger which is fully distributed across the network, this is called the Blockchain. All information regarding Cryptocurrency transactions is recorded on the Blockchain through the internet via a wide range of open source mathematical algorithms to share a single source of truth. Cryptocurrency today has a market capitalization of greater that $159 Billion, that is nearly the G.D.P of Oman! Among a diverse range of 800 different cryptocurrencies, nearly half of this digital finance market is controlled by Bitcoin with a continuous increasing dominance it is proving to be one of the best investments of this decade with world's leading companies participating in its trade.
What is Crypto Currency What is Crypto Currency Reviewed by AltCoins Reviews on August 28, 2017 Rating: 5

No comments:

Powered by Blogger.