Te History Of CRYPTOCURRENCY

 The emergence of cryptocurrency is already taking over in our daily transactions. Cryptocurrency is a digital asset that exists in the crypto world with many referring to it as ''digital gold''. But what really is cryptocurrency? You must be wondering. This is a digital asset intended to be used as a medium of exchange. Clearly, this is a close substitute for money. However, it uses a strong cryptography to secure financial transactions, to verify the transfer of assets and control the creation of additional units. All cryptocurrency is either virtual currency, digital currency or alternative currency. It is imperative to note that all cryptocurrencies use a decentralized system of control as opposed to the centralized systems of banks and other financial institutions. These decentralized systems work through a distributed ledger technology that serves a public financial database. Normally, a blockchain is used. What is a blockchain? This a continuously growing list of records which are linked and secured using cryptography. This list is called blocks. A block chain is an open, distributed ledger which can be used to record transactions between two parties in a manner that is verifiable and permanent. 

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