How Cryptocurrencies Can Disrupt Traditional Financial Systems and Institutions
Introduction Cryptocurrencies have grown from being a fringe technology to a mainstream topic of discussion. Bitcoin Pattern Trader, the first and most popular cryptocurrency, has been in existence since 2009. Since then, the blockchain technology that underpins Bitcoin has been used to create thousands of other cryptocurrencies, each with its own unique features and use cases. Cryptocurrencies have the potential to disrupt traditional financial systems and institutions. This article will explore the ways in which they can achieve this. The Rise of Cryptocurrencies Cryptocurrencies are digital assets that use encryption techniques to secure transactions and control the creation of new units. Cryptocurrencies operate independently of central banks and governments, making them ...