Impact of Cryptocurrency on Pharmacy Practice : Benefits, Safety, & Future Possibilities

Impact of Cryptocurrency on Pharmacy Practice : Benefits, Safety, & Future Possibilities

Introduction: Understanding Cryptocurrency and Blockchain Cryptocurrency is a digital or virtual form of currency that uses cryptography for security, making it difficult to counterfeit.

Unlike traditional money issued by governments (like the US dollar, euro or Naira), the most well-known cryptocurrency, Bitcoin, was introduced in 2009, paving the way for thousands of alternative cryptocurrencies.


These digital currencies operate on a technology called blockchain, a decentralized ledger that records all transactions across a network of computers.

This technology ensures transparency, security, and immutability, making it an attractive option for various industries, including healthcare and pharmacy.


 

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