fbpx
Generic selectors
Exact matches only
Search in title
Search in content
Search in posts
Search in pages
Facebook Fanpage
Twitter Feed
618 Following
859 Followers
Twitter Revealed Its Upcoming Payment Feature They Call “Super Follows” https://t.co/7vVXxSUyJU via @techbooky https://t.co/KDl5Xcqkj8
yesterday
“RIP Twitter” Trends As Twitter Announces Super Follows Which Allows Payment For Premium Posts #Twitterhttps://t.co/2eqoJ2YRTH
yesterday
RT @techbookybiz: Jumia’s Earnings Report For Q4 2020 Is Out And Here’s How The Company Fared #jumia https://t.co/geLf2NQLnu https://t.co/
yesterday
Browse By Categories

Cryptocurrencies And Us; How Much Trust Should We Have In Them ?

Share

If you have ever heard of any kind of cryptocurrency, you must have been bamboozled with a stream of jargons like “address, blockchain, wallet, BTC, mining, signature”. Just a few years ago, we only knew of tangible currencies but in recent times, the world is gradually delving into a “state of abstraction”; everything is going digital, even currencies!

The subject is one with some complexities because cryptocurrencies secure their network through a process called ‘mining”. There is no centralized banking system to regulate the policies as against the printed counterpart and its security is built on an assumption that the miners are honest enough to maintain the ledger.

Sometime around last year, the news of bitcoin was all over the internet and you will mostly hear questions like: “How does it work?”, “why are there so many coins?”, “how can I be so sure that the coin will not depreciate in value over time?” These and many more questions filled the air about cryptocurrencies. Unlike the printed currencies like the US dollar or Euros, which are valued by physical commodities and regulated central banks, a crytocurrency is worth a certain value based on the agreement of people who determine its worth.

While many crypto lovers believe that these digital currencies is the future for intending millionaires, some others are of the opinion that these coins are only invented by coin folks to perpetrate the shady deals under the guise of mining coins. With so many cryptocurrencies on the loose, will it stand the test of time? Will it ever the publicly encouraged?

Total
0
Shares
Previous Post

Google’s Gmail To Stop Intercepting Your Emails To For Ad Purposes

Next Post

The BlackBerry Phone Is Still Struggling But There’s A Big Chance It Would Go Extinct Anyway And Here’s Why

Related Posts

Subscribe Our Newsletter

Subscribe

Never miss an important Tech news again

   
HTML Snippets Powered By : XYZScripts.com