Cryptocurrencies are revolutionizing the world of finance. They offer an alternative to traditional monetary systems, which are centralized and subject to government controls. Cryptocurrencies are decentralized, secure , and efficient, which makes them attractive to businesses of all sizes.
This ebook discusses how cryptocurrencies can be used to reduce costs and improve business efficiency. It also addresses specific blockchain applications , such as supplier payments, employee compensation and risk management.
Cryptocurrencies : what are they?
Cryptocurrencies are digital currencies that are created and used through a process called mining. Mining is a process that involves solving complex mathematical problems. People who solve these problems are rewarded with new coins.
Cryptocurrencies are decentralized, meaning they are not issued or controlled by any government or financial institution . They are stored in digital wallets, which are computer programs that allow users to store and send cryptocurrencies .
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