Crypto currency has garnered a huge acclaimed across the world and most the banks, prominent financial institutions and companies fully realise its real worth. It is wisely as well as widely hailed as the futuristic means of exchange or the sophistication of exchange in future.
In the year 2016 itself, there have been scores of banks, software companies, accounting firms etc, who have carried out a comprehensive research on this topic and in the coming period, the concept is expected to touch the pinnacle of global financial transactions.
But still, there is realized a larger tendency towards clarity being sought in regard to such topic and its fall out, such as what exactly is it and what digitally promising features does it put forth that have captured the imagination of millions across the world.
It is indeed interesting to note that cryptocurrencies came into existence incidentally and the credit goes to Satoshi Nakamoto for inventing Bitcoin, which is still classified as the most important cryptocurrency, though inventing a currency was never on his mind. Such an invention led to inventions of other.
As such, it simply refers to a currency which has deep association with internet for the ultimate purpose of its culmination as precise use of cryptography is there, by the virtue of which, legible information is being translated into an untraceable code that is used to find purchases and transfers.
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what makes it safe
it is added as a block and such a block is programmed to be remain constant and unchangeable throughout the process.
Finally, Cryptography has evolved as a golden solution in the present digital era with prolific elements of mathematics and computer science combined inot one to be a premium source for online money transfer.know blockchain