CRYPTO CURRENCY : The Digital gold

Imagine you're one of the world's top businessmen and you are gonna sign a multi-million dollar deal. Now, just think it of will you carry a bunch of suitcase along with you for settling amount ? Though you can make online transaction, will it be secure ? Certainly not, hence here is another more protective way that's possible through CRYPTO CURRENCY.

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Crypto currency is the world's first non-centralized, virtual or digital currency.Transactions can be made instead of cheque, debit or credit cards. Transaction details can be verified and encrypted with the help of a technology called crypto graphy, which is a branch in computer science dealing with study of techniques for secure communication in the presence of third parties.

"Crypto currency is a transaction media. It achieves protected transaction through encrypted technology in the digital world " , says Lisa Taikuan, blogger.

This isn't a solid material rather than an abstract stuff. No government takes part in the creation, circulation etc..,No charges even for endless transactions. Here , the intermediator ie. the banker has no role to play.

Around 1600 crypto currencies are being utilized, currently all over the world. Though many of these are a copycat of Bitcoin, which is an example of crypto currency. Bitcoin at present have created a separate field and formulated its own rules. The base for this digital currency is the block chain technology. Transparency, security, irreversibility low charges and innovative usage are the characteristics which made the biggest online installations like Facebook, Alibaba and Google to invlove in creating their own block chains.

It has been expected that the block chain technology will introduce many services and products in the upcoming years.

Now you can say, "Sorry suitcase !!! Please try to update yourself like your partner - MONEY ."