Lessons From Case Study of Secured Transactions With Bitcoin

Abstract

As of January 2018, there were 1,384 cryptocurrencies available, and the number continues to grow., The term "cryptocurrencies," for now, at least, covers Bitcoin; altcoins, which are simply coins that are variants or forks of Bitcoin when there is a change in the underlying codes; and tokens.Unlike Bitcoin and coins that operate on separate blockchains, tokens are issued and operated on top of a blockchain.Bitcoin enjoys its enviable leading role among all cryptocurrencies, and Ethereum follows Bitcoin in standing.At the present time and for convenience purposes in the confines of this article, the author will refer to Bitcoin as inclusive of other cryptocurrencies.