You’ve likely heard some of the following terms if you’ve paid attention to the world crypto tool finance: Cryptocurrency, Blockchain, Bitcoin, Bitcoin Cash, and Ethereum. And why is cryptocurrency suddenly so hot?
First, we’ll explain the blockchain basics. As society become increasingly digital, financial services providers are looking to offer customers the same services to which they’re accustomed, but in a more efficient, secure, and cost effective way. The origins of blockchain are a bit nebulous. A person or group of people known by the pseudonym Satoshi Nakomoto invented and released the tech in 2009 as a way to digitally and anonymously send payments between two parties without needing a third party to verify the transaction.