Is there any relationship between digital data analysis and cryptocurrency?
What is Digital Data Analysis?
Digital analytics is the analysis of qualitative and quantitative data from your business and the competition to drive a continual improvement of the online experience that your customers and potential customers have which translates to your desired outcomes (both online and offline). It is the collection, analyzing and reporting data accurately for the best insight by using the tools that are proven. The question will be is there any relationship between cryptocurrency and digital data analysis?Is there any relationship between cryptocurrency and digital data Analysis.
What is cryptocurrency?
A cryptocurrency is a digital or virtual currency designed to work as a medium of exchange. It uses cryptography to secure and verify transactions as well as to control the creation of new units of a particular cryptocurrency. Essentially, cryptocurrencies are limited entries in a database that no one can change unless specific conditions are fulfilled.
The relationship between cryptocurrency and digital data analysis
The relationship between digital data analytics and cryptocurrency, big data goes hand in hand with cryptocurrency. Big data predicts social cryptocurrency trends. Analysts used social media in the wake of a significant cryptocurrencies trading website. The trends in social media were plotted to identify everything from key voice and stakeholders in the event to strong sentiments, positive, negative and about cryptocurrencies around the world. The similarity is that cryptocurrency and digital data analysis collect, analyze and report data.
Cryptocurrency is the great African opportunity, and cryptocurrencies are making its move in African countries like South African, Ghana, Kenya, Botswana. Zimbabwe and Nigeria.
The whole idea of cryptocurrency will bypass the control of the banks which is currently dominating the financial system and which have to be distrusted by many that see them as complicit in the 2008 financial crisis.