What is a Genesis Block?
Cryptocurrency is a peer-to-peer currency system that works on a decentralized ledger system. This currency is designed to meet the needs of the digital era. The blockchain ledger technology provides cryptocurrency an advantage over the traditional ledger system that is used in banks and other financial institutions.The traditional ledger system is decentralized which means it is controlled by a single authoritative body. The decentralized ledger system of the blockchain that is used in the cryptocurrency is accessible and maintained simultaneously by a number of computers across the network. It is for this reason the cryptocurrency is more secure and more efficient than the transactional system embodied in existing financial institutions.Transactions on the crypto networks have in...
