It’s easy to understand the basics, but the science behind cryptocurrency is quite intelligent indeed
This new type of currency was made to take out the middle man so to speak (banks)
in the words of the unknown creator bitcoin is:
“A purely peer-to-peer version of electronic cash that would allow online
payments to be sent directly from one party to another without going through a
financial institution. ”
and this is verified by everyone involved so as to not double spend the same cash.
its difficult to understand the algorithms used, but there are over 1,000 cryptocurrencies available and its going strong.
I would look into these The Main ones are of course Bitcoin itself which started it all
but there’s Ethereum (ETH), Litecoin (LTC), Zcash (ZEC), Monero (XMR), Ripple (XRP),Dash
especially Ethereum (ETH), I’ll tell you why soon…
just November 2017 the value more than doubled, so I’d keep my eyes open on this one.
stay tuned for more updates…..