The new age of technology and interconnectivity around the globe
and beyond has revolutionized the methods in which we carry out the
activities of daily life. Communication, banking, shopping,
travelling- technology has eased these areas of our lives to a
simple touch on a screen or a click of a button, so it comes as no
surprise that this technology can innovate the very basic commodity
of our society; currency, to a whole new level.
Capitals, property, and profits are now being digitized as this
is cost and time-efficient. But how is this possible? The answer is
a cryptocurrency, which is a binary (the computer number system of
0 and 1s) asset which possesses the right to be used.
Blockchain was invented by a person alias Satoshi Nakamoto in 2008
serving as the public transaction ledger for the bitcoin which is a
form of cryptocurrency.Thereafter, there has been a proliferation
in the entire world with regards to it.