rise of cryptocurrency

 "Cryptocurrencies are digital forms of currencies that allow users to transfer value online without any involvement of third parties like banks. Cryptocurrencies are designed for secure storage and transmission of data by using sophisticated cryptographic techniques, hence the name 'crypto'."

Cryptocurrency transactions are authenticated through cryptography (hence the reference to crypto). A decentralized system of 'crypto-users' who are the only actors of the network (e.g., no banks), follow certain protocols to make transactions, which cannot be altered by any actor once they are included in the blockchain (a public ledger of all transactions). The blockchain is visible to everyone and can be used, with some effort, to see how much of a certain cryptocurrency an individual or group of individuals hold at any point in time. However, identities of people behind these transactions are difficult to uncover and hence anonymous (hence the reference to 'crypto'). Each transaction is assigned a unique hash which is included in the next block of transactions, thus creating a chain that cannot be modified once it is recorded. As transactions are added to the blockchain, they become more difficult and costly to modify as subsequent blocks refer back to previous blocks in the chain.

This new form of 'crypto-currency' is not regulated by any government or financial institution but determined by an online community following a protocol that prevents fraud and errors while providing complete anonymity for its users.

Cryptocurrencies such as Bitcoin have taken the world by storm, bypassing state regulators, providing privacy and unprecedented returns on investments as well as a new vision of financial markets. Despite all the hype, however, few people — especially in Pakistan — really know what's going on behind the buzz. Eos offers a primer…

Cryptocurrencies are digital forms of currencies that allow users to transfer value online without any involvement of third parties like banks. Cryptocurrencies are designed for secure storage and transmission of data by using sophisticated cryptographic techniques, hence the name 'crypto'.

Cryptocurrency transactions are authenticated through cryptography (hence the reference to crypto). A decentralized system of 'crypto-users' who are the only actors of the network (e.g., no banks), follow certain protocols to make transactions, which cannot be altered by any actor once they are included in the blockchain (a public ledger of all transactions). The blockchain is visible to everyone and can be used, with some effort, to see how much of a certain cryptocurrency an individual or group of individuals hold at any point in time. However, identities of people behind these transactions are difficult to uncover and hence anonymous (hence the reference to 'crypto'). Each transaction is assigned a unique hash which is included in the next block of transactions, thus creating a chain that cannot be modified once it is recorded. As transactions are added to the blockchain, they become more difficult and costly to modify as subsequent blocks refer back to previous blocks in the chain.

This new form of 'crypto-currency' is not regulated by any government or financial institution but determined by an online community following a protocol that prevents fraud and errors while providing https://medium.com/@mutiullahmemon/is-wordpress-the-best-blogging-platform-76eb038bfe89 https://medium.com/@mutiullahmemon/samsung-pay-vs-google-pay-which-one-is-better-techenormous-13e21d4993ee