What is CRYPTO CURRENCY?
A crypto currency is a medium of exchange like normal currencies such as USD, euros, CNY Chinese Yuan, but designed for the purpose of exchanging digital information through a process made possible by certain principles of cryptography. Cryptography is used to secure the transactions and to control the creation of new coins. Crypto currencies use decentralized control as opposed to centralized electronic money/centralized banking systems. The decentralized control is related to the use of bitcoins block chain transaction database in the role of a distributed ledger.
The number one crypto currency nowadays is the Bitcoin. All crypto currencies other than Bitcoin are called ALTCOIN. You may check all crypto currencies in Coinmarketcap (one of the listing website of crypto currencies).
The number one crypto currency nowadays is the Bitcoin. All crypto currencies other than Bitcoin are called ALTCOIN. You may check all crypto currencies in Coinmarketcap (one of the listing website of crypto currencies).
What is BITCOIN (BTC)
Bitcoin is a digital currency and a payment system that was created and launched by Satoshi Nakamoto in the year 2009.
Bitcoin is a consensus network that enables a new complete payment system and digital money. It is the first decentralized peer-to-peer payment network that is in powered by its users with no central authority or middlemen.
The system works without a central repository or single administrator, which has categorized it as a decentralized digital currency. Bitcoin is often called the first crypto currency, although prior systems existed. Bitcoin is more correctly described as the first decentralized digital currency. It is the largest of its kind in terms of total market value.
The system is peer-to-peer; users can do transactions directly without the need of an intermediary. Transactions are verified by network nodes and are recorded in a public distributed ledger called the blockchain.
Bitcoin is a consensus network that enables a new complete payment system and digital money. It is the first decentralized peer-to-peer payment network that is in powered by its users with no central authority or middlemen.
The system works without a central repository or single administrator, which has categorized it as a decentralized digital currency. Bitcoin is often called the first crypto currency, although prior systems existed. Bitcoin is more correctly described as the first decentralized digital currency. It is the largest of its kind in terms of total market value.
The system is peer-to-peer; users can do transactions directly without the need of an intermediary. Transactions are verified by network nodes and are recorded in a public distributed ledger called the blockchain.
What is BLOCKCHAIN
The block chain is a public ledger that records bitcoin transactions. A novel solution accomplishes this without any trusted central authority: a network of communicating nodes running bitcoin software performs maintenance of the block chain. The blockchain is seen as the main technological innovation of Bitcoin, since it stands as proof of all the transactions on the network. A block is the ‘current’ part of a blockchain, which records some or all of the recent transactions, and once completed goes into the blockchain as permanent database. Each time a block gets completed, a new block is generated. There is a countless number of such blocks in the blockchain. So are the blocks randomly placed in a blockchain? No, they are linked to each other (like a chain) in proper linear, chronological order with every block containing a hash of the previous block.
Based on the Bitcoin protocol, the blockchain database is shared by all nodes participating in a system. The full copy of the blockchain has records of every Bitcoin transaction ever executed. It can thus provide insight about facts like how much value belonged a particular address at any point in the past.
Based on the Bitcoin protocol, the blockchain database is shared by all nodes participating in a system. The full copy of the blockchain has records of every Bitcoin transaction ever executed. It can thus provide insight about facts like how much value belonged a particular address at any point in the past.
CREATE YOUR BITCOIN (BTC) WALLET AND BE REWARDED
Get 50 pesos convertible to bitcoin (BTC). Sign up then submit selfie and ID verification to claim reward.
Get $10 worth of bitcoin (BTC). Sign up then buy or sell worth $100 of digital currency to claim reward.
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All information contained on this website regarding earnings, income, effort, or your likelihood of success are presented for informational purpose only. This website is in no way connected with the advertised sites, services or product and takes no responsibility for the trustworthiness of the advertised information.