Cryptocurrency: Future Money or Unicorn of Century?
Cryptocurrency is virtual currency or digital currency that is designed to be used as a medium of exchange to make secure transactions. It does not have any centralized control and there isn’t any regulatory authority as opposite of banks and electronic money. Its control works as a blockchain that is a distributed ledger. The technical system that is base of cryptocurrency was created by an unknown person or a group named Satoshi Nakamoto. In 2017 thousands of cryptocurrencies were created, most of them were like Bitcoin. Is the system of cryptocurrencies the balance and safety of ledgers are managed by miners which are a community of distrustful parties. Miners get a financial benefit for maintaining the security. ...