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We live in an era of contradictions, and nothing embodies those contradictions like cryptocurrency. This futuristic method for anonymous virtual payments over the internet employs the much-hyped blockchain technology. In short, each crypto coin uses a publicly visible database that tracks all the trading activity in its network with code that is nigh impossible to fraudulently alter.
A cryptocurrency is a digital currency stored on an open and decentralised electronic payment system. Following Nakamoto (2008), cryptocurrencies have caught the attention of industry, academia, and the public at large, with Bitcoin being the most prominent. There are hundreds of cryptocurrencies, many running on large and reliable decentralised computer networks. An innovative computer science design called the blockchain has enabled this wave.
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