Have you heard something about the digital currency? If not, then it is the right time to understand about the digital currency because they are going to affect your daily life within a short span of time front now. Even now, they have a great market share in terms of investment and the money is moving towards the online space because of its freedom and comforts. The fiat currency is normally controlled by the central bank or the government of the country to which the fiat currency belongs to. But digital currency like bitcoin is very different because they do not have a centralised organisation to administrate the transactions and other functionalities of the bitcoin. Then you may have the question as to how it operates in the market. Of course you could understand after learning about the block chain technology.
What is the technology behind it?
Usually many think that bitcoin is a physical form of coin that is made up of gold ort something. But it is the images you see in the online space but it is simply a web address and you will have a key to unlock the link address. There is availability of the online wallet to store in way from the cyber attacks. This bitcoin is based the block chain technology which has the ability to produce only definite number of bitcoins into the market. In addition there is group called the ledger which is responsible for verifying the transactions done with the help of bitcoin.