Evolution and History of Cryptocurrency
Cryptocurrencies are often incredibly confusing; however, they are common in numerous debate topics. This post aims to provide a background for understanding cryptocurrencies and provide additional resources to bolster your knowledge base! At its core, blockchain technology is a shared database where entries require confirmation and encryption before entering the common server. Thus, the process is highly secure, protected, and guaranteed accuracy, making it an enticing prospect for financial and banking processes. Cryptocurrencies are digital currencies that mirror the role of a dollar bill in the physical market. While there have been numerous iterations of different digital currencies, the creation of bitcoin in the late 2000s popularized the idea. . Just as an individual works to bring home a paycheck, cryptocurrencies also require work. However, instead of holding a job and having established hours, individuals “work” for cryptocurrencies in the form of “min...