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When the technical terms of cryptocurrency tapped my ears, I was amused that it's just a type of fiat paper currency.
Are you still in a chaotic mind about this geekspeak?
The first-ever cryptocurrency is Bitcoin and tops the market value still now.
Despite the controversial debates of cryptocurrency concepts, it has reached the pinnacle of success and many giant industries like Amazon, Shopify, Microsoft, Cupid and much more have incorporated crypto payments for their products & services.
If the hacker has to counterfeit the particular block, then he/she must break down the hash value of the particular block and pre-hash values of the previous blocks linked to the data block, which is impossible without the consent of community people.
A smart contract is the piece of code which is self-executing and the transaction happens once the specified condition is satisfied.