Financial systems have taken a different turn since the launch of cryptocurrencies in 2009. Not only did the world experience the meteoric rise of digital assets, but technology advancement also increased, making it easier for financial transactions to occur efficiently.
Consequently, many blockchain platforms came to life as more individuals adopted cryptocurrencies. However, these blockchains, backed up by the internet, vary in efficiency, transaction speed, and security. Therefore, the blockchain technology functions are limited to the strength of the internet.
Why is the Internet Vital to Cryptocurrency?
Web 1.0
The history of the internet began with the development of Web1 in 1989. This early version of the internet had fewer functionalities than we have today. For example, Web1’s website designs were only used for written content. Additionally, it provided very little interaction where users could exchange information, making it impossible to interact with the website.
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...