BITCOIN— a familiar name nowadays getting in the spotlight more and more with each passing year. If you have heard of it before, you know this much that bitcoin is a digital currency. But how does a digital currency work? Or what is the use of it when we already have digital banking? In today's blog I'm going to explain the basics in the simplest term possible. First things first— we need to know how currency works to understand how it can be so much in an abstract form i.e. digital form. Let's look at the history of transaction. At the beginning of civilization, people would exchange goods for goods in return and thus obtain what was necessary for them. This system had its limitations, so later in the history people moved onto using metal coins (gold, silver) to buy stuffs. Since these materials are precious to people's standard and can't be obtained easily, they worked well as currency. However, carrying a good amount of coins everywhere was troublesome and s...
Leaving a trace while heading towards the unknown :)