We've all seen the movies and read the sci-fi books about machines and robots taking over the world. But how close are we to that becoming a reality? Smart contracts are becoming more and more commonplace in our society. Will they replace lawyers, accountants, and other officials completely or is this still just a fantasy?
You’ve probably heard of cryptocurrencies such as Bitcoin or Ethereum whilst you’ve been going about your everyday life but do you really know what they are? These are two of the most popular cryptocurrencies on the market, they are basically a digital currency which utilizes encryption techniques in order to enhance security during the trading process. Cryptocurrency in Malta is sometimes referred to as virtual currency, is made up of a number of virtual coins which can be generated using a process called mining, this involves solving a series of complex mathematical algorithms. Coins can be used to pay for goods and services in a similar way to any other form of electrical payment using a blockchain platform, which is a peer-to-peer technology that ensures transparency and accountability during trades.
Bitcoin, the world’s most popular decentralized digital currency, was created in 2009 by a programmer using the pseudonym Satoshi Nakamoto. Today, the virtual currency has become a global method of payment for goods and services with more than 100,000 merchants across the world accepting Bitcoins. While Bitcoin has generated a lot of controversy as a type of currency, many expats are using it as a preferred mode of currency. Here are some of the benefits of Bitcoin for expats.
The Bitcoin is a cutting edge modern currency that brings some elements of early money transactions to our technologically advanced world. It was created by an anonymous programmer (or group) who allegedly wanted to create an alternative to standard currencies, whose value revolves around the cost of a commodity such as gold. The aim of this article is to explain in detail what is bitcoin.
As the financial technology industry has developed greater and faster tools with the internet, blockchain technology was created. This has created the ability to pay for services and goods online with completely digital money. It is commonly referred to as Cryptocurrency.
