Decentralisation’s major feature is, in theory, this. In the context of blockchain, decentralisation refers to the equitable distribution of a database across multiple participants, each of whom has a complete copy of the blockchain. Blockchain technology upon which cryptocurrencies are based has turned this around by its decentralised nature. Put differently, world leaders have always controlled the degree as well as value of the fiat currencies in circulation in their countries through their national banks. ![]() Unlike most technology advancements, cryptocurrency directly impacts and disrupts the government in an area that has been under their exclusive control for a very long time that is the subject of money. Which is why in the past few months, one of the burning issues on the internet, has been the issue of government response to the growth of cryptocurrency. In the past year or two the demand for Bitcoin has practically “gone to the moon” measured also in the fact that ordinary people now follow developments in this area. Since then, its popularity has grown in leaps and bounds. You can probably still remember the first time you heard about Bitcoin. Bitcoin which is regarded as the first and most popular cryptocurrency was only introduced in a whitepaper in 2008. As far as technologies go, blockchain and cryptocurrency are relatively new.
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