Digital currency. Technologist’s response to self-employment

Digital currency, commonly referred to as “cryptocurrency”, is a type of money that exists only in electronic scales. It is a set of data that uses a technology called Block Chain, which acts as a log to keep track of the history for which the cryptocurrency was used. Like coins or paper money, digital currency is stored in a digital wallet և can be used as a traditional method for buyers և to pay sellers to exchange goods և and / or services. The transfer of ownership of the digital currency is stored as a record in the Block Chain, which can be traced back to the user. There are obvious benefits to pursuing any currency, the most significant of which are proof of ownership, fraud prevention, and mitigation.

The recent rise in the popularity of cryptocurrency has given way to a new era of technological wealth. While the traditional way of generating income or amassing wealth usually involves exchanging goods or services for money or compensation, digital currency is created in a completely different way. Just as gold or silver is mined, digital currency is used by “miners” to process thousands of calculations every minute, effectively digging through the mountain of digital cliffs to find what ultimately solves the problem. complex mathematical problem.

Until recently, a technologist’s ability to make money was based on creating digital applications or providing their technical skills to businesses. However, with the advent of cryptocurrency, a technologist (or even a novice user with some basic computer programming skills) can bypass the mainstream of և directly engaging in the production of this new currency by creating a staff of supercomputers with the sole purpose of: “My” cryptocurrency.

The corporate world relies heavily on the skills of computer և IT professionals:. However, as the popularity of virtual money continues to grow, becoming more and more common, combined with the natural skills possessed by even the most basic computer programmers, the corporate world can launch cryptocurrency as a threat to their business. Compared to being a manager at a tech company, digital currency mining can be a daunting task, leading to a shortage of qualified computer programmers in the tech industry.