Hi Guest

MBASkool on Bitcoin

by MBASkool on 13th Feb 2015 • 17 Views

Bitcoin is the first and most prominent cryptocurrency - an alternative digital currency which relies on cryptography for its creation and transactions. Prevailing electronic payment systems depend on third-party financial institutions to process transactions. This model increases transaction costs and still cannot eliminate the possibility of fraud. Hence Bitcoins, based on cryptography instead of trust, were proposed to allow people carry out transactions directly without a trusted third party.

Read it
Bookmark | 0
Like | 0