Crypto-Currency and Cyber-Currency Market Crypto-Currency and Cyber-Currency Market | Page 2

transfer of assets. Increasing demand for cyber-currency and cryptocurrency as an alternative to centralized
electronic money and central banking systems is expected to drive the growth of crypto-currency and cyber-
currency market over the forecast period. Latest technological advancement coupled with development of
innovative technology such as ledger technology, and a block chain, that acts as a communal financial
transaction database are anticipated to foster demand for crypto-currency and cyber-currency market in the
upcoming years.
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Crypto-currency majorly involves a mix of experts in the tech and business spheres along with ICOs, for
application related issues. The successful implementation of cyber-currency or crypto-currency require an
international team with advanced decentralized system. The authenticity of every cryptocurrency's coins is
provided with the help of a block chain. A block chain is a constantly growing list of records, which are also
termed as a block; these blocks are connected and managed with the help of cryptography.
Every block broadly consists of a hash pointer that is linked with the previous block, along with a timestamp and
transaction data. Block chains does not allows any modification to the existing data, thereby providing necessary
security. These factors are expected to fuel growth of the crypto-currency and cyber-currency market during
the forecast period. Bitcoin, one of the most popular crypto-currency majorly uses peer-to-peer technology in
order to operate with no central authority or banks. Ethereum is also a decentralized system and a type of a
crypto-currency, which runs smart contracts. 
The market is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America
has shown major growth in recent years owing to the rise in the implementation of latest technologies in
banking & finance sector and existence of well-established online infrastructure. Asia-Pacific region is predicted
to hold major market share with massive growth in forecast period.
Countries such as Malaysia, China and Singapore are leading the Asia-Pacific market with shifting trends towards
adoption of digital currency over traditional form of financial exchange and significant investment by leading
industry players considering potential growth opportunities in the region. The key players in the crypto-currency
and cyber-currency market are Nvidia Inc., XILINX, Inc, Intel Co., Advanced Micro Devices, Inc., Ripple Labs, Inc.,
Microsoft Co., AlphaPoint Co., BitGo Co., Coinbase Inc., and The Bitfury Group Inc.
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