5 reasons why Bitcoin (cryptocurrencies) will explode in 2014
5 reasons why Bitcoin (cryptocurrencies) will explode in 2014
A cryptocurrency is a digital medium of exchange. The first cryptocurrency to begin trading was Bitcoin
in 2009. Since then, numerous cryptocurrencies have become available.
Fundamentally, cryptocurrencies are specifications regarding the use of
currency which seek to incorporate principles of cryptography to
implement a distributed, decentralized and secure information economy.
When comparing cryptocurrencies to fiat money,
the most notable difference is in how no group or individual may
accelerate, stunt or in any other way significantly abuse the production
of money. Instead, only a certain amount of cryptocurrency is produced
by the entire cryptocurrency system collectively, at a rate which is
bounded by a value both prior defined and publicly known.
5 reasons why Bitcoin (cryptocurrencies) will explode in 2014
No comments:
Post a Comment