AM GLAD TO BE HERE @THE WORLD OF XPILAR A WORLD LIKE NO OTHER. # A GLUE ON THE EFFECT OF DIGITAL TECHNOLOGY ON THE ECONOMY- THE IMPACT OF CRIPTOCURRENCY (STEEM-CRYPTO)

in WORLD OF XPILAR4 years ago

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Image credit: Pixabay
In the contemporary society, the use of digital technology is inevitable and they are being applied by individual in all aspect. Digital technology create such a huge impact upon what the individual is able to use it for.
Digital technology comes in different forms such as laptops, tablets, smartphone, computers of different sizes, and so on. With digital technology, individual could access social media apps and get connected to each other and also earn by blogging and so forth.
Digital technology and the economy-the world of crypto: Digital technology has been widely used to execute so many activities on the economy. Our modern economy relies dependably on digital economy means of transaction.
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Image credit: Pixabay
Through digital technology, individual are able to engage in virtual currencies known as Bitcoin, Steem coin and so on. Bitcoin is the digital currency created in 2009 following the housing market crash. It follows the ideas set out in a whitepaper by the Pssudonymous Satoshi Nakamoto. Unlike Fiat currency, Bitcoin is created, distributed, traded and stored with the use of a decentralised ledger system known as blockchain. As the earliest cryptocurrency to meet widespread popularity and expectation. Bitcoin has motivated a lot of other projects in the blockchain business.
Furthermore, Steem coin is the cryptocurrency of steemit- a blockchain based social media platform founded in 2014 by Dan Larimer( CEO of Bitshares) Unlike any other social network, steemit is based on the blockchain that allows it run in a decentralised manner. Steem reward users for community building in posting and upvoting valuable content for others.
In this case use of digital technology cannot be overemphasized, it has played a great impact on the overall economy through crypto- steem and others and thereby providing earning for individuals worldwide.

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