Brief-history-about-cryptocurrency (1).docx

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Brief history about cryptocurrency Crypto currency : A cryptocurrency is a digital asset that designed to work as a medium exchange that uses crypto graphy to secure its transactions to contorl the creation of additional units and to verify the transfer of aasests. Crypto currencies are a type of digital currencies , alternative currencies , and virtual currencies. Basically cryptocurrencies use crypto graphic system , or extremely complex code system that encrypt sesnsitive data transffers , to secure their units of exchange. Funtions : Decentralized contorl, exchange with fiat currencies, finite supply , benefits and draw backs. History: The first Bitcon transaction was made between the cryptocurrencies elusive creator Satoshi Nakamoto and cybersecurity veteran Hat Finney, came in january 2009. The number of transactions over a single day regularly exceeded 250,000. The value of a single unit of the digital currency shoot to above 4000 dollar. Another impotant thing is making one Bitcoin worth hearly three times as mush as one
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  • Fall '18
  • United States dollar, dollar, crypto currencies, elusive creator Satoshi, cybersecurity veteran Hat

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