AN OVERVIEW ON THE ROLE OF CRYPTOCURRENCIES IN BUSINESS AND FINANCE
Bitcoin is the first fully online cryptocurrency. This is the result of a common practice in financial institutions to generate income by spreading the losses evenly within the institution. Cryptography is a long-standing technology that can protect sensitive data from unauthorized access and misuse. In the encryption process, data is first sent with encryption. "Blockchain" is the peer-to-peer network that is the foundation of Bitcoin. Its main purpose is to eliminate the possibility of double spending. This system can be called completely decentralized because there is no central server or administration. The values of these currencies are confirmed only by companies as well as public opinion. Bitcoin, despite a lot of hype, can already be used to buy real goods and services in the online market. Cryptocurrencies represent a major departure from existing financial systems, which are developed, managed and managed by experts. In contrast, traditional financial reports are prepared, managed and reviewed by experts. The use of blockchain technology may be responsible for the increase in the number of digital currencies. Cryptocurrencies, and Bitcoin in particular, are great financial instruments and other investments that can help diversify your portfolio. Bitcoin is the most popular cryptocurrency. The crypto market shares many similarities with other financial markets, especially the precious metals market, and many cryptocurrencies are now regularly used as payment methods.
Cryptocurrencies, Blockchain, Business Finance, Chi square