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A cryptocurrency (or crypto currency) is a digital asset designed to work as a medium of exchange that uses strong cryptography to secure financial transactions, control the creation of additional units, and verify the transfer of assets. Cryptocurrencies are a kind of alternative currency and digital currency (of which virtual currency is a subset). ). Cryptocurrencies use decentralized ...
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First descriptions of a functional Cryptocurrency appeared around 1998, and were written by a person named Wei Dai. They described an anonymous digital currency titled “b-money.” Not long after, another developer by the name of Nick Szabo created what they call “Bit Gold,” the first cryptocurrency that used a proof of work function to validate and authenticate each transaction.
It is slowly becoming recognized because of the ease and convenience. However, there are also risks to think of when using Bitcoins. It is not regulated by the government and in case something untoward happens, the government cant do anything to help you.
Scrolling reddit, this site or other cryptocurrency related forums on the internet and having no clue what people are talking about? Well, nor was I when I first started getting involved into cryptocurrencies. Therefore I thought it would be useful to have a glossary of all the terms you may come across. Trading Related Terms […]
The Age of Cryptocurrency: How Bitcoin and the Blockchain Are Challenging the Global Economic Order [Paul Vigna, Michael J. Casey] on Amazon.com. *FREE* shipping on qualifying offers. Bitcoin became a buzzword overnight. A cyber-enigma with an enthusiastic following, it pops up in headlines and fuels endless media debate. You can apparently use it to buy anything from coffee to cars