choose hotel by region
reasons to book with us
BREAKING DOWN 'Cryptocurrency'
The anonymous nature of cryptocurrency transactions makes them well-suited for a host of nefarious activities, such as money laundering and tax evasion.
Cryptocurrencies make it easier to transfer funds between two parties in a transaction; these transfers are facilitated through the use of public and private keys.
However, because cryptocurrencies are virtual and do not have a central repository, a digital cryptocurrency balance can be wiped out by a computer crash if a backup copy of the holdings does not exist.
The first decentralized cryptocurrency was created in 2009 by pseudonymous developer Satoshi Nakamoto. In April 2011, Namecoin was created as an attempt at forming a decentralized DNS.