Bitcoin is the reference cryptocurrency. It is not just the most known digital currency, but also the most accepted among users, investors and companies. It uses the Proof of Work algorithm, and several countries accept it as official payment method.« Back to Glossary Index
The money laundering consists in hiding benefits from illegal activities so they seem to come from legal sources. It is normally related to other severe crimes such us drug traffic or extorsion. The AML regulation of each country is the legal frame to control this kind of activities.
The cryptography is a way of protecting the information and the communications by using codes. This way, only the final receiver of the information will be able to read it and process it. Technologies like blockchain use the cryptography to protect the privacy in the transactions.
Ethereum is an open-source platform using the blockchain technology that enables the development of decentralized projects on its network. Vitalik Buterin and the rest of co-founders launched Ethereum in 2015 with the primary purpose of incorporating Smart Contracts into its system. Ethereum operates using its native cryptocurrency called Ether (ETH). This cryptocurrecncy is the second-largest […]