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The Journey of Cryptocurrency

Blockchain and Cryptocurrency have traveled an uncertain path to worldwide popularity. Many people are showing interest in the blockchain technology development even if they were not investing in cryptocurrencies.<br>

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The Journey of Cryptocurrency

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  1. Call :+91-020-26434646visit : www.sphinx-solution.com The Journey of Cryptocurrency This article talks about the journey of cryptocurrencies and their potential. Blockchain and Cryptocurrency have traveled an uncertain path to worldwide popularity. Many people are showing interest in the blockchain technology development even if they were not investing in cryptocurrencies. 1st phase The US subprime mortgage crisis was a banking emergency that affected the world economy. To prevent any such kind of event from happening again, Mr. Satoshi Nakamoto (real name not known) created a decentralized virtual currency called Bitcoin. And bitcoin is backed by blockchain technology which is transparent, unalterable, and eliminated from third parties like bank, government and any financial institution from the transaction process. Initially, it served as a payment medium. This publicly verifiable virtual money gradually became popular among the IT developers. Eventually, innovation of other new cryptocurrency started flowing which helped to engage a broader audience.

  2. 2nd Phase Vitalik Buterin (Russian-Canadian programmer) came up with a wider use of blockchain technology which is commonly known as Smart Contracts. And the platform is Ethereum. Certainly, Ethereum is more than just a coin. The IT intellectuals started reviewing the potential of this distributed ledger technology. Ethereum revolutionized and decentralized the internet. Thus, Decentralized Apps (DApps), Decentralized Autonomous Organizations (DAOs) came into being. The developers from different parts of the world started experimenting to launch their own tokens and raise money from the public with ICO (Initial Coin Offerings). 3rd Phase Scalable and practical, the 3rd phase of Blockchain technology is in its infancy. It's been predicted that in 2019-2020, there will be a blockchain of blockchains with millions of transactions per second. It will be enormous that includes organizational structures like cities and connected to the other bodies. Cryptocurrencies have made a dramatic leap in terms of innovation and adoption in past few years. The tokenization of many businesses across different industries will open a wide opportunity for economic growth. We at Sphinx Solution, are working on Blockchain App Development and ICO services. Our experienced developers are thoroughly acquainted with the full development stack. You can rely on us for scalable Cryptocurrency Wallet, Hyperledger, Bitcoin apps & private blockchain development services.

  3. USA : +1 732-947-4310 | UK : +964 0771 7777 916 | Malaysia: +6017-2126274 IRAQ : +964 0771 7777 916 | BRAZIL : +55 21 2258-7260 | INDIA : +91-020-26434646 https://www.sphinx-solution.com Copyright© 2018 Sphinx Solutions Pvt Ltd. All rights reserved.

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