Cryptocurrencies are digital assets stored on computer databases around the world.<\/p>\n
Anyone can purchase these digital assets, and as a result, their price goes up when more people buy, and down as more people sell, just as the exchange rate constantly changes for your own country\u2019s currency as traders buy and sell it.<\/p>\n
But unlike the money in your pocket or bank account, cryptocurrencies are not issued or controlled by any sovereign state or central bank- they\u2019re ruled by plain, logical computer code.<\/p>\n
What are the features of cryptocurrency?<\/strong><\/p>\n Security and transparency combine to make it all-but impossible for someone to change the transaction history of a cryptocurrency, as each coins\u2019 movement has been stored in thousands of identical block chains files across the world and almost every cryptocurrency presents its code for the world to see.<\/p>\n What are the benefits to your business?\u00a0<\/strong><\/p>\n Bitcoin contracts can be designed and enforced to eliminate or add third party approvals, reference external facts, or be completed at a future date or time for a fraction of the expense and time required to complete traditional asset transfers.<\/p>\n\n