by: The Tech Fools
This article is a guest post and are of the writers’ personal opinions and do not in any way reflect ProButterfly.com‘s or REITScreener.com‘s official opinion. ProButterfly.com does not issue a buy or sell recommendation on any security, and any research paper or articles published by ProButterfly.com is purely for informative and educational purposes only.
Cryptocurrency has come a long way since the first-ever decentralized token, the Bitcoin, was created shortly over a decade ago. In December 2017, Bitcoin experienced a shocking rise in price, and that gave birth to the rise of many other utility tokens today. Using cryptographic techniques, these digital entities are mined and distributed electronically to their holders.
Many would wonder why such a medium of exchange is thriving despite the fiat currencies we have. The answer is simple, the network upon which transactions amongst currencies are recorded, the Blockchain Network, affords a lot of benefits which the traditional systems