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Showing posts from September, 2018

Developing Your Own Cryptocurrency

The world is inevitably moving towards a digital economy and people, like always, have different opinions and doubts. Digital currencies are here to stay, and one of the strong reasons for this is the new addition to the digital currencies — Cryptocurrency. So what is a cryptocurrency? Well, a cryptocurrency is a medium of exchange just like fiat currencies such as USD. These digital currencies use cryptography for security which makes it extremely difficult to imitate or hack it. Cryptocurrencies are quickly gaining the public eye in the last couple of years and for good reasons. The underlying technology behind cryptocurrencies is Blockchain Technology . The Blockchain technology guarantees safe digital transactions through encryption and makes sure that there is no central authority but a shared one. By offering such a robust security feature and the decentralization, Blockchain is poised to impact nearly all the areas of our lives. Now that you know about the cryptocurr