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TRANSACTION

UNDERSTANDING CRYPTOCURRENCIES, PART 1

by luisaberger77

The latest buzz words in the world of business investment (no pun intended), and daily conversations among common folks are without a doubt, “Bitcoin, “and possibly “Cryptocurrency.” The former, in particular, have gained a global appeal and prominence, in part, due to a meteoric rise in price (almost 20 fold increment) from a lowly $950 USD at the start of 2017, to a high of nearly $20,000 in December of the same year. But what exactly are “Bitcoin” and “Cryptocurrency” and how do they work? It is important to bear in mind that a lot of people don’t know much about these topics because of their complexity and technical nature, but I shall walk you through the basics of what you must know in order to have a sound grasp of the world of Cryptocurrency by providing key definitions of terms and making things as clear as possible.      A BRIEF HISTORY   Against the backdrop of many unsuccessful attempts to create a decentralized digital cash system in the 1990s, a mysterious fellow named Satoshi…
Score: 1.2
02/21/2018

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