Digital currency, commonly referred to as "cryptocurrency", is a type of money that is found only in electronic form. It is a series of data that uses a technique referred to as the Block Chain, which acts as a ledger and keeps a history of what Cryptocurrency was used for. Similar to coins or banknotes, the 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. Digital currency ownership transfers are preserved as a record in the blocking chain, which can be tracked from one user to another. There are clear benefits to tracking the activity of any currency, the most important of which are the verification of ownership and the prevention and mitigation of fraud.
The recent growth in Cryptocurrency popularity has paved the way for a new era of wealth in the technology industry. Whereas traditional means of generating income or collecting wealth usually involves exchanging a product or service for money or compensation, the digital currency is created completely differently. Much like gold and silver, the digital coin uses Miners to process thousands of thousands of calculations every minute, effectively digging across a mountain of digital rocks and dirt to locate what ultimately ends up being a very solution to the complex math problem.
Until recently, the ability of technologists to create a paycheck depended on building digital applications or submitting their technical skills to a company. However, with the birth of Cryptocurrency, a technician (or even a novice user with some basic computer programming skills) can circumvent basic employment and directly participate in the production of this new currency by building a cadre of very powerful computers whose sole goal is to "Cryptocurrency" .
The corporate world is highly dependent on the skills and capabilities of computer and information technology professionals. Although the popularity of virtual money continues to grow and becomes more and more popular, along with the natural skills possessed by even some major computer programmers, the corporate world may begin to see Cryptocurrency as a threat to their business operations. When compared to answering a manager at a technology company, Digital Currency Mining may be a very attractive business opportunity, leading to a potential shortage of qualified computer programmers in the technology industry.