Cryptocurrencies refer to exchangeable digital units of value secured by cryptography. Associated with decentralized ledger tech, which is also widely known as blockchain, cryptocurrencies aim at achieving secure transactions guaranteed by computational tools instead of relying on a centralized authority. Examples include Ethereum, Zcash, Bitcoin, and Steem.
The digital revolution began in 1947, shortly after Bell Laboratories’ scientists invented transistors and managed to combine them together into integrated circuits (Douglas E. Comer, 2019). The world’s transition from an analogue era to a digital one marked the commencement of a rapid transformation that continues to take place to this day.
In our previous piece regarding censorship, I discussed many of the problems surrounding censorship. Many social media platforms and other news sources have taken it upon themselves to censor information with which they do not agree or information that they do not think should be spread. This type of censorship causes echo chambers where people only hear and read information with which they agree, further entrenching them in their political views.