Author: Entrepreneur Magazine

The past few years have seen the launch and blossoming of blockchain technology. This technology also harbors other innovations like cryptocurrencies, DeFi, NFTs, and other digital assets. These innovations are mostly solving the concurrent problems caused by centralized monetary systems. Blockchain technology dates back to the 2007 economic decline that saw the world suffer from poor central banks management. Many banks were already in debt, and they were also minting excess fiat currency that raised inflation rates in the world. Satoshi Nakamoto made a digital currency, BTC, as a remedy. This currency has a design to solve this issue and avoid…