What is cryptocurrency? How it emerged as a side product of digital money? (Ultimate Guide Part 2)
Almost a few people know this, but cryptocurrencies emerged as a part result of another innovation.
Satoshi Nakamoto ( normally unknown to many people however he invented bitcoin ) never planned to invent a currency.
Later in 08’ he said that he shaped, “A Peer-to-Peer Electronic money structure.“ His aim was only to invent something new something fresh.His most peculiar aspect was that he finally had found a way to plan a decentralized digital money/cash network.
Before him many attempted but almost all failed. Seeing that all centralized networks failed, he tried to build a system without a central entity. And well cryptocurrency came into being.
And its the mere reason why cryptocurrency is a bit technical and complicated, but if you get it, you‘ll know more about cryptocurrencies than most people on earth.
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awesome info for all steemians, I haven't been here long but see so much potential in steem, thanks for the advice its appreciated, resteemed. @haky-speaks
You are most welcome and would love to see if you resteem it :) thanks a ton.