Posts

Showing posts from September, 2017

Bitcoin

Image
Bitcoin Bitcoin is a digital or cryptocurrency that uses cryptography Security. Cryptography is the study for secure communication in presence of third parties.                                As in transaction with money either we give money or take money. Similarly in bitcoin either we transfer the bitcoin or accept the bitcoin. During the process of transaction third party can interrupt the transaction and can transfer the bitcoin in their account. To avoid this type of interruption or hacking we use cryptography Security.                             One interesting thing is that when ransomware is attack in many countries over the world ransom is demand as bitcoin. Because in bitcoin you don't know the identity of receipt of bitcoin. We can say this as a disadvantage or misuse of bitcoin.     ...