Cryptocurrency: Top 8 Women In Cryptocurrency
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With the dramatic rise in the bitcoin price, the word cryptocurrency has now become ubiquitous with masses. Now everybody who gets introduced to this marvel wants to learn more about it. When we think about any kind of currencies, the main area of concern remains the security.
Hence in case of cryptocurrencies, security has been given the paramount importance through the use of cryptography. Before understanding cryptocurrencies, you should first understand the concept of general currency itself. Money as the way we know i.e.
Cash, is simply a token we use to exchange goods and services. The piece of paper we carry in our wallets doesn’t have any inherent value. It gets its value from the fact that we people believe it to possess value.
In present times, the need for any physical token has reduced drastically and the focus has clearly shifted to virtual currencies. Like traditional currencies, cryptocurrencies too are digital currency except some crucial differences among the two like the widespread use of internet.
Let’s check out how cryptocurrencies are different from traditional currencies. First of all they are not issued by any government. They are created and controlled by computer programming and super specialized algorithms.
The users themselves along with their combined computing power execute all the aspects of the transactions pertaining to a particular cryptocurrency. No banks or intermediaries are needed for maintaining records or for processing the transaction.
This system, where the transactions are directly carried out by and among the users and the sophisticated computing machines is known as blockchain. The transaction happening over a blockchain is termed as ‘peer to peer’ transaction.
The second major difference between cryptocurrencies and conventional currencies is that the total amount of a particular cryptocurrency that can ever be in circulation is limited. Hence we see that conventional currencies work on inflationary model while cryptocurrencies has been designed to work on a deflationary model.
Women In Cryptocurrency: Top 8 Women In Cryptocurrency
Check out the following infographic on Top 8 women in Cryptocurrency, its all about the most popular Crypto women and their achievements to this industry.
This infographic was developed by MrBTC.org, please go through it and let us know your thoughts.
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