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Showing posts from October, 2021

Cryptocurrencies : A sound investment or a risky gamble?

  Background: Cryptocurrency is a well-heard name for most of us, so what is cryptocurrency ? Cryptocurrency is a digital currency designed to work as a medium of exchange, where it runs a decentralized peer-to-peer network and no single institution or person can control it. There are many Cryptocurrencies in the market, the most famous one is BITCOIN. It is created by two anonymous people called-   Satoshi Nakamoto   and Gavin Andresen ·        The same rules of cryptocurrency apply to bitcoin ·        Not one authority interferes in BTC transactions, impose transaction fees     or take people’s money away ·        It is independent of world governments, banks, and corporations. ·        Transparent - every single transaction is being stored in a massive distributed public ledger called the Blockchain. BlockChain - It’s a ledger containing every transaction ever processed. Digital records of transactions are combined into "blocks". A public ledger where a mis