Blockchain technology is probably one of the finest technologies to come out of the 21st century. Described by Satoshi Nakamoto in 2008, blockchain technology is simply a decentralized public ledger that runs on a P2P network. The ledger is updated regularly and can be used to record any kind of transactions. It came into prominence when it powered Bitcoin, the…
A cryptocurrency is a virtual (digital) currency that makes use of cryptography to secure its transactions. This security makes it practically impossible to be counterfeited. More importantly, cryptocurrencies have no central authority, hence, it is theoretically immune to government manipulation or interference, or at least we’ve been told that’s the case. Bitcoin is, perhaps, the first cryptocurrency to capture the…
