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Showing posts with the label ripple

World of Crypto Currencies and should I take a punt?

You might have heard of " BitCoin ". But did you know  BitCoin is just ONE out of many decentralised crypto-currencies out there in the market? This article is just to summarise some of these crypto-currencies and makes you to judge whether to invest or try-out on them. Just a word of caution: These are highly volatile and risky. DO AT YOUR OWN RISK What is crypto-currency? A cryptocurrency is a digital asset designed to work as a medium of exchange. Many of us express it in terms of USD or GBP or EUR, but always consider them as old plain " Barter " system to exchange goods and services. BlockChain and why is it powerful? A blockchain is a decentralised digital ledger that records transactions. Think of it as a huge sheet of paper which records every transactions in the world which are unique and is permanently written and cannot be reverted. This makes validating transactions transparent to anyone in the world, thus making it extremely secure to trade goo