The rise of cryptocurrencies is just one effect of the fast-paced technological advancements we now have in this era.
Cryptocurrency is a form of digital currency that is created through encryption. Unlike the traditional monetary systems, it works with a decentralized system.
Cryptocurrency has no physical form and is neither issued by a central bank or government authority. It solely exists as data on the Internet that are created and managed through a blockchain.
Some of the most successful and known cryptocurrencies are Bitcoin and Ethereum. As Singaporean who lives in one of the growing financial centres of the world, you might be already familiar with it.
However, maybe not quite yet since you are finding yourself here. But we are about to change …