A cryptocurrency can be defined as a decentralized form of digital currency in which encryption technologies are used for the generation of units of currency or the verification of funds transfer. For a layperson, it can be simplified as using digital files as money. How does cryptocurrency work? Cryptocurrency works on a technology known as blockchain that is a distributed ledger containing all the transactions. The word blockchain breaks into two terms i.e., block and…
Bitcoin is a crypto currency that came into existence in 2009. Since then, it has become the most widely used and recognized crypto currency. The founder of Bitcoin is anonymous. All people know about is an alias that they used, Satoshi Nakamoto. Bitcoin has gained worldwide recognition. In fact, you can now use Bitcoin for booking hotels, flights, etc in many countries. Introduction to Crypto Currency The word cryptocurrency speaks for itself. Formed from the…