In the future, a company called Cryptocurrency and Digital Currency will be making an incredible product that will change the way people interact on the Internet forever. It is called Cryptocash and it is a new digital currency designed for use in Internet Merchants and Online Payments. With Cryptocash, many people will have the ability to transfer money from one place to another quickly and easily. This means that many people will be able to use Cryptocash to buy things on the Internet instead of cash or check.
The way this system works is that a ledger is created on the Internet between two parties. One of those parties uses a public key infrastructure, or a PGP key, and securely sends their public key over the cryptosystem. The other party then has an Encrypted public key that they send their private key over the ledger. When you send an encrypted key to another party, they can encrypt it back to you so that only you and they can decrypt the key. Your encrypted public key acts as the fingerprint of your key, which uniquely identifies you and allows both parties to verify the other party’s key…
The great thing about using Cryptocash is that it removes all the problems with the traditional methods of currency exchange. With traditional exchange, you are trusting not only one entity but several entities. For instance, when you use PayPal, you trust not only the company but all the sites that they run on behalf of their clients. When you send money through Forex, you are trusting not only a foreign company but dozens of them that you may never even meet. The only way to avoid this scenario when using Cryptocash is to use decentralized digital currencies such as Cryptocash.