SIMPLE CRYPTOCURRENCY EXPLANATION[size=8pt][/size]
The world of financial technology have been experiencing continuous waves since the successful creation, integration and uprising of a digital currency known as cryptocurrency.
What is Cryptocurrency?
Cryptocurrency is a form of digital currency or asset that operates on a decentralized finance system. Cryptocurrency is stored in a digital wallet, and can be traded as a digital currency between two parties without the intervention of a third party. This is possible because Cryptocurrency operates on an independent finance system being powered by blockchain technology that gives an individual total control of their coins; decentralize finance.
The first cryptocurrency (Bitcoin) was claimed to be created by an anonymous person known as Nakamoto Satoshi. The successful creation and acceptance of bitcoin as a form of digital currency has lead to the creation of other digital currencies, e.g., Ethereum, Litecoin, Dogecoin e.t.c.
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