Nowadays, cryptocurrency and the blockchain is on the minds of many entrepreneurs and investors across the globe.
Cryptocurrencies came into existence in the year 2009 with the creation of the blockchain as a secure decentralized distributed ledger to serve as the public transaction ledger of the world’s first cryptocurrency Bitcoin, that was conceived and presented by a pseudonymous individual or organization called Satoshi Nakamoto.
The blockchain that enables the building of digital assets is a growing list of records, called blocks, which are linked using cryptography. Each block contains a cryptographic hash of the previous block, a timestamp, and transaction data.
Cryptocurrency can be described as digital money that people can use as a medium of exchange without the restriction of borders or any central control.
This digital currency system is decentralized, yet highly secure as it uses the state of the art blockchain cryptography. The term decentralized implies that cryptocurrencies don’t rely on any centralized bank or monetary system to exist.
Furthermore, its digital nature enables users to buy things or to exchange it to and from anywhere across the globe without the worry of any kind of interruption from the banks.
The currency is operated and maintained by the network of users [cryptocurrency miners] instead of any central body.
The mining process is complex but it’s essential to understand that there is a limit to how much cryptocurrency can be created and there is currently no way to exceed that limit. Making it impossible to devalue cryptocurrency as it’s possible to do for paper dollars by banks or governments printing more paper currency.
There are 1500 plus different cryptocurrencies in the crypto market like Bitcoin, Ethereum and Litecoin which all have their own distinct properties and characteristics but they all follow some of the most basic cryptocurrency principle.
The bitcoin design has inspired a new significant global digital transformation layer, and opportunity for female entrepreneurs to develop applications, and blockchains which are readable by the public, and widely used by cryptocurrencies. Here is a list of the top women who are leading the cryptocurrency startup economy including Joyce Kim, Perianne Boring, Amber Baldet, Jinglan Wang, Jen Greyson, Fahima Anwar, Meltom Demirors, Raine Revere.
