Due to the unique nature of virtual currencies, there are some inherent advantages to transacting through Bitcoin that users of other currencies do not get. Digital currencies are a relatively new and untested medium of exchange, and users should be careful to weigh their benefits and risks. That said, Bitcoin appears to offer some unique … Read More →
1.Introduction to Cryptocurrency: Cryptocurrencies are a subset of alternative currencies, or specifically of digital currencies which uses encryption techniques to regulate the generation of units of currency and verify the transfer of funds, operating independently of a bank. It is a digital asset that works as a medium of exchange by using cryptography to secure … Read More →
As the value of hard currency changes drastically—and often—developing or recession-hit countries are finding Bitcoin as an innovative solution. Just look at Venezuela, the country with the highest inflation rate in the world. The socialist nation has experienced a swift fall in oil prices, throwing the entire economy into turmoil. Experts say that Venezuelan inflation … Read More →