You may have hear that cryptocurrencies like BitCoin and Ethereum value has taken a beating as of late. The hugely inflated bubble has burst making a few investors richer and many with hardly a penny. What are cryptocurrencies? A cryptocurrency is a digital or virtual currency that is secured by cryptography, which makes it nearly…
Tag: cryptocurrency
What is Bitcoin?
Bitcoin is a cryptocurrency and worldwide payment system. It is the first decentralized digital currency, as the system works without a central bank or single administrator. The network is peer-to-peer and transactions take place between users directly, without an intermediary. These transactions are verified by network nodes through the use of cryptography and recorded in a public distributed ledger called a blockchain. Bitcoin was invented by an unknown person or group…
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