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Week10 BitcoinCurrency.docx ITS-836-M50 Bitcoins And Its Usage Spring 2021 - Data Scien

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Week10 BitcoinCurrency.docx ITS-836-M50 Bitcoins And Its Usage Spring 2021 - Data Science & Big Data Analytics (ITS-836-M50) - Full Term University of the Cumberlands Introduction Almost a decade ago, the concept ...

Week10 BitcoinCurrency.docx ITS-836-M50 Bitcoins And Its Usage Spring 2021 - Data Science & Big Data Analytics (ITS-836-M50) - Full Term University of the Cumberlands Introduction Almost a decade ago, the concept of Blockchain was introduced through the invention of Bitcoin in the year 2008. It is hard to discuss blockchain technology without an understanding of Cryptocurrency, Bitcoin. The digital currencies foundations are not new. E-cash concepts were first introduced in the 1980s (Bashir, 2017). Bitcoin is a digital currency that is entirely decentralized, stable, and secure. Bitcoin is generally considered the king of Cryptocurrencies because it was the first-ever created Cryptocurrency and highly valued currency among its competitors (Kopleman, 2020). Because Bitcoin entirely depends on Blockchain technology, the primary issues like accountability and anonymity observed in the early e-cash technologies cannot be seen in this Cryptocurrency. The Cryptographic algorithms' introduction helped develop the secure and transparent digital currency ever in the distributed systems. In today's digitally advanced world, people have started accepting the new ways of handling things if security and efficiency are the key factors. Moreover, Bitcoin is such a technology that is being legally accepted by many countries across the globe. Today, Bitcoin is the most widely used and successful Cryptocurrency globally, with thousands of investors and billions of dollars investments. Bitcoin . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . .. .. . . . . . . . . . . . . . . . . . .. . . . .

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