Compare Essay Example | Topics and Well Written Essays - 250 words - 3

Compare - Essay ExampleIn addition to managing to produce their own currency, the dickens companies also considered at enhancing electronic transactions. This is evidenced by Levitans desire he wanted to bring a currency that was different from other internet merchants. Just like Levitan, Nakamoto also worked industriously with an aim of making Bitcoin an open source exchange medium (Bitcoin Foundation 1). Additionally, the two dot-com ventures experienced drab transaction challenges at the start of their formation. In late 2010, the users of Bitcoin.com managed to overcome its economic restrictions leading to creation of wispy number of bitcoins. 184 billion was raised and directed to two online addresses. Flooze.com also faced similar problem in 2001 a Russian crime syndicate used Flooz along with stolen credit card numbers in their money-laundering scheme (CNET News.com Staff 1). Unfortunately, Flooze.com did not manage to overcome this challenge the fraudulent activity led t o its obscure closure in late