Shitcoin Economy: Part 4 — Technology

Photo by Gaëtan Othenin-Girard on Unsplash

Here is part 3 of my 5-part series. If you missed part 1 and part 2, you can check out below:

Part 1 — Category: it is about how to categorize cryptocurrency away from other digital currencies

Part 2 — Regulations: it is about why the government wants the regulation but they cannot do so

Part 3 — Environment: it is about how environmental impact on the cryptocurrencies and possible its valuation for the future

Part 4 — Technology: it is about how technology can change the way shitcoin performs and how crypto may evolve to become

Part 5 — Detokenization: it is about speculation that if Bitcoin actually extinct and what may happen

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I may change parts depending on my research but here is for you guys to enjoy reading.

Cryptocurrency is not only a money instrument, it is also a piece of technology.

There are two components: wallet and blockchain.

The core technology of the wallet is an asymmetric cryptographic with a pair of keys: a public key and a private key.

The core technology of the blockchain is timestamp server, hash algorithm, Proof of Work, network for…