Do You Have a Cryptocurrency Strategy?

Kevin Coleman is a highly skilled senior level project and program manager/advisor with experience leading projects with labor budgets ranging from a few hundred thousand dollars to multi-million dollar budgets across multiple industries.

  Estimating   Strategy  

New technologies with significant impact are appearing regularly before our eyes. As much of our world has evolved and is transitioning into the digital age, the concept of digital money was introduced and continues to evolve.

Cryptocurrency is a medium of value exchange, much like traditional currencies such as the U.S. dollar, Euro, Yen and so on. There is no physical manifestation of a cryptocurrency, nor is it backed by any centralized government authority (at least that is the case at this time. They are designed for the sole purpose of exchanging digital information about value through a process made possible by certain principles of cryptography.

Cryptography is used to secure the transactions and to control the creation of new cryptocurrency units. In July 2016, there were 740 different cryptocurrency types identified. Some place the total number of cryptocurrencies ever established to be around a thousand. At this time, the following appear to be the top cryptocurrencies.

• Bitcoin             
• BlackCoin
• Dash
• Dogecoin
• Ethereum
• Litecoin
• Namecoin
• Peercoin
• Primecoin
• Ripple

Cryptocurrencies are becoming a popular topic nowadays. But really, they have been around for some time. In October 2008, a whitepaper by Satoshi Nakamoto was crafted discussing his idea for a non-…

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