What is cryptocurrency?
Crypto Currency is a digital electronic currency that is used to regulate the generation of a certain unit of currency which verifies the transfer funds, and it is used to control the creation of additional units.
What if there is a technology advancement that is powerful to transform the very basic pillar of our society, the technology which fundamentally influences the way that our Economy, Governance, System, Business functions, Trade ownership, and Trust.
This technology exists and it is called “Cryptocurrency”, people often think of Bitcoin as earning visual money or transactions system, but if you look closer you will notice that the monitory aspect is just a tip of the iceberg, that is because bitcoin is a ground broken internet knowledge for which money is merely one of the pro applications.
Money exists to facilitates the trade for over centuries, trade has become incredibly complex everyone trades with everyone worldwide. Trade is recorded in bookkeeping, and the information is often isolated and closed to the public. But as for bitcoin the transaction is being approved and entrusted to a trustworthy third party to facilitate the tractions and give the transacts profit on his or her investment in cryptocurrency.
TYPES OF CRYPTOCURRENCY.
- Bitcoin: – a worldwide payment system founded by Satoshi Nakamoto”, it is the first decentralized digital currency, because it is not operated by the central bank or any single administrator.
- Zcash: – zcash unlike bitcoin provides privacy for their users by using cryptography, and it was founded in 2016 by Zooko Wilcox-O’Hearn”.
- Monero: – monero was founded in April 2014 and it runs on different kinds of OS like windows mac and more, the founder was Nicolas van Saberhagen” and it is being used worldwide.
- Entherium (ETH):- the Ethereum was co-founded by Mihai Alisie, Anthony Di Iorio and Charles Hoskinson” was founded in 2013 and released in 2014.