Cryptocurrency is a digital asset designed to work as a medium of exchange that uses strong cryptography to secure financial transactions, control the creation of additional units, and verify the transfer of assets. Cryptocurrencies are decentralized, meaning they are not subject to government or financial institution control. Waqar Zaka is a Pakistani entrepreneur and television personality best known for his role in the reality show Survivor Pakistan.
He is also the founder of the cryptocurrency platform Bitplaza.io. In an interview with The Express Tribune, Zaka said that he became interested in cryptocurrencies after reading about Bitcoin in 2012. He then started investing in various cryptocurrencies and eventually decided to launch his own platform.
Zaka believes that cryptocurrency has the potential to change Pakistan’s economy by providing people with an alternative to traditional banking systems. He also believes that there is a lot of untapped potential in Pakistan when it comes to block chain technology and wants to see more startups emerge in this space.
Top 10 Cryptocurrency in Pakistan
What is Cryptocurrency? Cryptocurrency is a digital or virtual asset designed to work as a medium of exchange. It uses cryptography to secure and verify transactions as well as to control the creation of new units of a particular cryptocurrency.
Essentially, cryptocurrencies are limited entries in a database that no one can change unless specific conditions are fulfilled. Pakistan is home to a growing number of cryptocurrency investors and enthusiasts. While the government has yet to regulate the crypto space, there is still a lot of interest in digital assets.
Here is a list of the top 10 cryptocurrencies in Pakistan. 1. Bitcoin: Bitcoin is the original and most widely known cryptocurrency. It was created in 2009 by an anonymous individual or group known as Satoshi Nakamoto.
Bitcoin is decentralized, meaning it is not subject to government or financial institution control. Transactions are verified by a network of computers called miners and recorded in a public ledger called a blockchain. Bitcoin can be bought, sold, or traded on exchanges around the world and can also be used to purchase goods and services online.
2 Ethereum: Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference. In Pakistan, Ethereum has been gaining popularity due to its potential use cases in various industries such as banking, healthcare, supply chain management, and more. 3 Bitcoin Cash: Bitcoin Cash was created in August 2017 when the original Bitcoin blockchain split into two separate chains due to disagreements among developers about how to scale the network effectively.