36.6 F
New York
Friday, February 23, 2018
Home Cryptocurrencies

Cryptocurrencies

A cryptocurrency (or crypto currency) is a digital asset designed to work as a medium of exchange that uses cryptography to secure its 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. Cryptocurrencies use decentralized control as opposed to centralized electronic money and central banking systems. The decentralized control of each cryptocurrency works through a blockchain, which is a public transaction database, functioning as a distributed ledger. Bitcoin, created in 2009, was the first decentralized cryptocurrency. Since then, numerous other cryptocurrencies have been created. These are frequently called altcoins, as a blend of alternative coin

Connect with us

0FansLike
12FollowersFollow
3FollowersFollow
2,500FollowersFollow
32FollowersFollow
100SubscribersSubscribe

MOST POPULAR

HOT NEWS