Cryptocurrency is a digital currency that is created and stored in blockchains. Unlike the fiat currency, it doesn’t have any physical form and is not redeemable in another commodity like gold or silver. The digital currency is secured by the science of cryptography that controls the creation of the currency and verifies the transfer of funds.
Cryptocurrency is completely decentralized as there is no central bank or authority that controls or governs their creation and supply. Bitcoin, litecoin, monero, namecoin are some of the examples of the cryptocurrencies.
These are seen as digital assets that are designed to work as a medium of exchange. They are managed by the blockchain which is basically a technological set up that doubles up as distributed public ledger or a transaction database which continues to record all the details of a particular cryptocurrency since its creation.
The bitcoin was the first cryptocurrency which was created in the year 2009 by a psydonomous individual or group by the name Satoshi Nakamoto who intended to provide an alternative to the centralized electronic money and banking system that was witnessing degradation. Since then more than thousand cryptocurrencies also known as altcoins have been created by enthusiasts. These includes ether, monero, litecoin, namecoin, dogecoin etc.
As mentioned earlier, cryptocurrencies can also be described as values that are digitally stored in an immutable public ledger known as the blockchain. While some countries like Japan permits the use of cryptocurrencies, others either prohibits them from their economy or put restrictions on its use primarily due to the hidden threat associated with its volatile and non regulatory nature.
Once created and released in the supply chain, cryptocurrencies are traded at special digital exchanges or marketplaces. Furthermore they are stored in specialized digitized wallets that come in many forms. These wallets securely store the cryptocurrencies, which are nothing but distinct electronic codes, for future transactions. Anyone willing to receive or send cryptocurrencies will definitely have to get a wallet at the first place.
Women play a vital role in Cryptocurrency, and the number of women dealing with Cryptocurrency is increasing every day. Please check the following infographic developed by our friends at MrBTC.org on Women In Cryptocurrency – The Top 8 Women In Cryptocurrency. The infographic speaks about the following top 8 Crypto women.
1. Joyce Kim
2. Perianne Boring
3. Amber Baldet
4. Jinglan Wang
5. Jen Greyson
6. Fahima Anwar
7. Meltem Demirors
8. Raine Revere
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