Entries by hanifnezhad

The economics of cryptocurrency

Cryptocurrencies don’t have central banks to control the money supply or oversee financial institutions, but no one should neglect the significance of cryptocurrency governance institutions. We focus our discussion on two separate but interrelated techniques cryptocurrencies can be stated to be governed. Algorithmic governance Rules for what are considered valid cryptocurrency transactions are embedded in […]

Different types of Cryptocurrency

Bitcoin The first Cryptocurrency to emerge was Bitcoin (BTC), based on the SHA-256 algorithm. This digital commodity was conceptualized at a whitepaper written in 2009 by a pseudonymous writer who went by the name Satoshi Nakamoto. Over the span Bitcoin’s first four decades, the market cost of one Bitcoin has shrunk from under $0.01USD to […]

Character of Bitcoin market

Most experts agree that since it now exists, bitcoin has Yet to create any influence on the way that payments are currently processed. The wire-transfer system was just recently extended to handle electronic wires a couple of decades ago and ever since then, the majority of the infrastructure necessary to process payments through conventional banking […]