Cryptocurrency
Cryptocurrency, #1
Nonfiction, Computers, Internet, Electronic Commerce, Business & Finance, Finance & Investing, Finance, Investments & Securities
| Author: | Tim Mathis | ISBN: | 9781386321811 |
| Publisher: | Brendan Gallagher | Publication: | January 11, 2018 |
| Imprint: | Language: | English |
| Author: | Tim Mathis |
| ISBN: | 9781386321811 |
| Publisher: | Brendan Gallagher |
| Publication: | January 11, 2018 |
| Imprint: | |
| Language: | English |
A cryptocurrency (also known as crypto currency) is a digital asset designed to work as a medium of exchange using cryptography to secure the transactions, to control the creation of additional units, and to verify the transfer of assets. Cryptocurrencies are classified as a subset of digital currencies and are also classified as a subset of alternative currencies and virtual currencies.
Bitcoin, created in 2009, was the first decentralized cryptocurrency. Since then, numerous cryptocurrencies have been created. These are frequently called altcoins, as a blend of bitcoin alternative. Bitcoin and its derivatives use decentralized control as opposed to centralized electronic money/centralized banking systems. The decentralized control is related to the use of bitcoin's blockchain transaction database in the role of a distributed ledger
A cryptocurrency (also known as crypto currency) is a digital asset designed to work as a medium of exchange using cryptography to secure the transactions, to control the creation of additional units, and to verify the transfer of assets. Cryptocurrencies are classified as a subset of digital currencies and are also classified as a subset of alternative currencies and virtual currencies.
Bitcoin, created in 2009, was the first decentralized cryptocurrency. Since then, numerous cryptocurrencies have been created. These are frequently called altcoins, as a blend of bitcoin alternative. Bitcoin and its derivatives use decentralized control as opposed to centralized electronic money/centralized banking systems. The decentralized control is related to the use of bitcoin's blockchain transaction database in the role of a distributed ledger
