The Digital Currency Conundrum
Sep 3, 2018 · 12 min read
Digital currencies (DCs) have spurred in number but the most notable of them still remains Bitcoin as it was the first proof of the crypto currency concept and has dominated the crypto sphere ever since. Bitcoin’s popularity is based on the concept of a trust-less system which does not rely on any central authority rather it is distributed over many nodes (computers) effectively diminishing, to a great extent, the vulnerability of a central point of failure. It abolishes the concept of double spending and is cryptographically secured. Its distributed ledger system based on the blockchain allows for…


