Crypto News: Cryptocurrency Just Hit A Major Milestone -- and Entrepreneurs Shouldn't Ignore It

If you haven't heard or paid attention to the phenomenum that is cryptocurrency, then it's time to take notice.

First, if it's still a foreign concept for you, cryptocurrency is any of a number of digital currencies that can be used for online transactions without intermediaries such as banks. Without banks, cryptocurrency can be traded and used for commerce between two or more people without the oversight -- and expense -- of those intermediaries.

The underlying power behind cryptocurrency is blockchain technology, which is as difficult to understand as it is to explain. There are certainly in-depth descriptions of how blockchains function available, but in general, each is built on a publicly distributed digital ledger aimed at ensuring the security and transparency of the transaction for all involved.

Cryptocurrency was first launched in 2009 as an experiment limited to a handful of adopters. However, It has grown into a legitimate and credible global currency and payment option, as countries like Singapore, India, China and Russia have moved to adopt their own digital versions of their currencies.

Full story at http://bit.ly/2yIP8iW

Source: Entrepreneur

 

 

 

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