History and what you need to know about Crypto Currency



Cryptocurrency which can also be spelt separately (Crypto Currency) could be seen as an assert digitally designed to act as an exchange agent or medium that is aided with cryptography in order to enable financial transactions, verification of assets being transferred and creation of additional units control.

Crypto currencies differ from digital and centralized banking because its control is decentralized while the later is centralized.

Through ledger distributed through the decentralized control, each crypto currency works through a blockchain which database will in turn serve publicly as a financial transaction.

Bitcoin which was launched in 2009 is considered the first crypto currency that has ever been launched and since it’s inception, over 6000 ALT(Alternative Variants of Bitcoin or other alternatives) have been launched.

One thought on “History and what you need to know about Crypto Currency”

Leave a Reply

Your email address will not be published.