Digital Currency: Technologist’s Answer to Self-Employment

Digital Currency, commonly referred to as “Cryptocurrency”, is the only type of money available in electronic format. This is a set of information that uses a technology called Blockchain, acts as a book, and keeps a history of why Cryptocurrency was used. Like coins or paper money, Digital Currency is stored in a digital wallet and can be used as a traditional method for buyers and sellers to pay for the exchange of goods and / or services. The transfer of digital currency property is stored as a record in the Blockchain and can be tracked from user to user. There are obvious benefits to tracking the performance of any currency, the most important benefits being proof of ownership and the prevention and reduction of fraud.

The recent rise in the popularity of cryptocurrency has ushered in a new era of wealth in the technology industry. Although traditional means of earning income or accumulating wealth usually involve the exchange of money or compensation for a product or service, Digital Currency is created in a completely different way. Just as gold or silver is extracted from the ground, Digital Currency uses “miners” to process thousands of calculations every minute, effectively digging up a mountain of digital rock and dirt, ultimately becoming the solution to an enormous problem. complex math problem.

Until recently, a technologist’s ability to create a salary was based on the creation of digital programs or the transfer of their technical skills to the business. However, with the birth of Cryptocurrency, a technologist (or an inexperienced user with some basic computer programming skills) can bypass the main occupation by creating a team of ultra-powerful computers whose sole purpose is to directly engage in the production of this new currency. “my” cryptocurrency.

The corporate world largely depends on the skills and abilities of Computer and IT Professionals. However, as the popularity of virtual money grows and becomes increasingly popular, even with the natural skills possessed by even the simplest computer programmers, the corporate world may begin to see Cryptocurrency as a threat to its business operations. Compared to responding to a manager at a technology firm, Digital Currency extraction can be a very attractive business opportunity, so it could potentially lead to a shortage of skilled computer programmers in the technology industry.