Kinds of Cryptocurrency – I

Kinds of Cryptocurrency – I Since bitcoin have been introduced, hundreds of cryptocurrencies enter the market. Many alternative cryptocurrencies or altcoins have been launched – following the success of Bitcoin, and they have grown into 700 in number. Some are being sold cheaper than Bitcoin, while some tend to be more accessible than Bitcoin. In this section of the book – 12 of the most popular cryptocurrencies will be told. Maybe you already heard about…

"Kinds of Cryptocurrency – I"

Best Wallets to Try

Best Wallets to Try 1. Coinbase– This online wallet was founded by Brian Armstrong and Fred Ehrsam in the year 2011. The company launched buy and sellbitcoin services in October 2013 This application operates exchanges of cryptocurrencies such as Bitcoin, Ethereum, Litecoin and Bitcoin Cash. This cryptocurrency has already assisted 10 million customers, and transacts worth $50 billion worth of digitalcurrency exchanges so far according to their site. 2. Electrum– This is one of the most…

"Best Wallets to Try"

What is Mining in Cryptocurrency?

What is Mining in Cryptocurrency? As a beginner, maybe you’re being confused of the word ‘Mining’, well to explain this in a very simple way try to imagine golds and how they are being mined. But before you think of buying a physical shovel and mattock, let me explain how mining is done virtually. Crytocurrencies like Bitcoin are mined with the use of computers. Mining requires specialized computerswhich can find solutions to difficult math problems…

"What is Mining in Cryptocurrency?"

Cryptocurrency

Cryptocurrency Cryptocurrency is a virtual currency that uses cryptography to secure every transaction made, thus counterfeiting this kind of currency is very impossible to do because of this security feature. The invention of the so called digital currency is not really intended by Satoshi Nakamoto the inventor of Bitcoin, which is the first cryptocurrency. In 2008, Nakamoto said that he has developed a “Peer-to-Peer Electronic Cash System,” and announced the first release of Bitcoin in…

"Cryptocurrency"