Crypto Currency

Crypto currencies are digital currencies that use cryptography to secure the transactions, to control the creation of new units, and to verify the transfer of assets. The first crypto currency was Bitcoin.Bitcoin was launched in 2009 by Satoshi Nakamoto. In 2009, only a few people knew about Bitcoin. Today, more than 1 million merchants accept bitcoin as a payment method.

One of the most popular crypto currency is Ethereum which is an open-source blockchain-based distributed computing platform featuring smart contract functionality and ether token that can be mined with a GPU or CPU. In 2017, Ethereum had an increase in its market capitalization from $7 billion USD to over $70 billion USD by November 2017. Cryptocurrency is a digital currency that uses strong cryptography to secure financial transactions, control the creation of additional units, and verify the transfer of assets. Cryptocurrency is a type of digital currency, alternative currency and virtual currency. Crypto-currency is created by mining using computers to solve mathematical problems. It's converted into real money through the process of buying and selling on exchanges. — Cryptocurrency is a form of digital currency that can be used as an alternative to the traditional currencies. Cryptocurrency is also called virtual currency, digital currency, or crypto-currency. The first cryptocurrency was Bitcoin which was invented in 2008 by Satoshi Nakamoto. Bitcoin is a cryptocurrency and a payment system invented by an unidentified programmer, or group of programmers, under the name Satoshi Nakamoto. The system is peer-to-peer, and transactions take place between users directly without an intermediary. These transactions are verified by network nodes and recorded in a public distributed ledger called the blockchain. The ledger uses its own unit of account called bitcoin which is also used to calculate mining rewards. — Cryptocurrency is a digital currency that uses encryption techniques to regulate the generation of units of currency and verify the transfer of funds. Bitcoin is the first decentralized digital currency. It was created in 2009 by a developer using the alias Satoshi Nakamoto. The system’s design is peer-to-peer, and transactions take place between users directly, without an intermediary. These transactions are verified by network nodes and recorded in a public distributed ledger called a blockchain. Bitcoin has been criticized for its use in illegal transactions, its high electricity consumption, price volatility, thefts from exchanges, and the possibility that bitcoin is an economic bubble.