a casino odyssey in cyberspace last human currency

The use of cryptocurrencies allows anonymity in the transaction, thus offering privacy over the performed transaction. While the most well-known cryptocurrency is the Bitcoin with its Marketplace, there are numerous other such currencies publicly or privately available. Parallel to the soft cryptocurrencies, that is currencies that exist only in database-ledgers, also exist hard cryptocurrencies, that is, currencies that have a physical representation.Įxamples of such currencies are the Peercoin.

That is, a digital currency-offered and administered by a private organization-is bypassing the conventional banking system and governmental currencies, allowing monetary worth to change ownership for the purchase of goods and services.īecause these currencies have no physical aspect to protect, their protection and integrity is safeguarded by heavy cryptographic means, and for that, they are referred to as cryptocurrencies.

Typically, digital currencies are private monetary values that exist only in ledgers.

A casino odyssey in cyberspace last human currency