RATE Group | Cryptocurrency And ICOs: Regulatory Trends Worldwide
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Cryptocurrency And ICOs: Regulatory Trends Worldwide

22 May Cryptocurrency And ICOs: Regulatory Trends Worldwide

Posted at 22:50h in Cryptocurrency News by

This is the second article in a 3-part series on Fintechs. In this article we will talk about cryptocurrency and Initial Coin Offerings (ICOss), a variant of cryptocurrency and the regulation of cryptocurrency in Africa and some countries around the world.

At its most basic definition, cryptocurrency is a medium of exchange. It is a means of carrying out transactions digitally. Cryptocurrency is free from any government or central control. Several questions arise from this definition or any definition of cryptocurrency. How does it work without central authority? How is it run? How are transactions verified? How is it valuable? Where does the supply come from?

Using Bitcoin, the most popular cryptocurrency yet, we will break down the meaning and validity of cryptocurrency.

It is imperative to understand Distributed Ledger Technologies (DLT) like blockchain in order to understand cryptocurrency. A distributed ledger uses independent computers called nodes to record transactions. It…

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