A similar revolution the internet brought to publishing is here. This time around, it is happening in the financial industry. One that can be described as technology aiding finance. It is no doubt at this point that we are gearing towards a major paradigm shift in the world's economic space as cryptocurrencies are taking center stage, creating more and more business opportunities on the internet for everyone. If you have not already heard about the following terminologies, sooner or later they may become part and parcel of our online trade and transactions.

Quick Look At Some of the Active Cryptocurrencies: Zcash(ZEC) Auroracoin(AUR) Bitcoin(BTC) BlackCoin(BLK) Coinye(COI) Dash(DASH) Decred(DCR) Dogecoin(DOGE) DigitalNote(XDN) Ethereum(ETH) Gulden(NLG) Litecoin  

The BTC In View/How It Works

In case you are still wondering what bitcoin truly is or who invented the technology...  The Bitcoin: also known as BTC, is one of the most popular Cryptocurrencies. The BTC is a digital asset and a payment  system invented  by Satoshi Nakamoto whose identity has never been disclosed. He  published the invention in 2008  and released it as open source software  in 2009. The system is  peer-to-peer (P2P); users can transact business  directly without an intermediary or  third parties like the Banks.  Transactions are verified by network nodes  recorded in a public  distributed ledger called the Blockchain. I  will simply just call it the secure intangible virtual decentralized currency. 

It is yet another technological revolution that threatens to eliminate the world's financial cartel, agencies or "tools". Permit me to say that for the very first time, the third party entities are gradually being relegated to the background with electronic financial transactions. Clearly, financial control and manipulation to a very large extent may elude the Banks. because this cannot be shut down by anyone. it is no doubt that the Bitcoin,  and other cryptocurrencies are fast becoming more and more valuable as the days go by. Due to increase in demand, the price for this virtual asset may rise some more. A profound characteristic of the BTC is that the fee on transactions is next to nothing irrespective of the amount involved.  

A QUICK REVIEW OF THE TREND

Some time in 2015, BTC was $375 to 1. Today, 1BTC is averaging between $1,000 to $1,450. We may likely see a consistent rise in this trend In many years to come. According to research, in  the next 5-10 years 1BTC could exchange for $10,000. That being said, if i knew then what i know now, that early Bitcoin in my wallet would have made me a whole fortune today. Information is power.

What Will Richard Branson Think About The Bitcoin?

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