Fear not, China is not banning cryptocurrency

In 2008, after the financial crisis, an article titled “Bitcoin: A Peer-to-Peer Electronic Cash System” was published detailing the concepts of a payment system. Bitcoin was born. Bitcoin caught the world’s attention with its use of blockchain technology and as an alternative to fiat currencies and commodities. Dubbed the next best technology after the Internet, …

how "Crypto" Currencies Work – A Brief Overview of Bitcoin, Ethereum and Ripple

“Crypto” – or “cryptocurrencies” – are a type of software system that provides transactional functionality to users via the Internet. The most important feature of the system is their decentralized nature – usually provided by blockchain database system. Blockchain and “crypto-currencies” have recently become staples of the global zeitgeist; usually as a result of the …

This is how Bitcoin works in the cryptocurrency world

In case you don’t know, bitcoin is a type of decentralized network of cryptocurrency. In this process, transactions are based on a 16-character encrypted address. In simple terms, it’s just like your social security number. In terms of security, only you can transfer the funds as you have the address, which includes two-factor verification. In …