Bitcoin, the world’s most popular crypto-currency, is based on an open-source protocol; and because it’s peer-to-peer without a central server or bank, it’s theoretically possible for anyone with the right combination of tools and knowhow to use the underlying code as the foundation for their own crypto-currency. Which is exactly what a bunch of anonymous developers have done with the new “Coinye West,” an upcoming crypto-currency named after rapper Kanye “I Am a God” West.
and still people question the validity of cryptocurrencies.
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