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Cryptocurrency
Paperback
Series: Cryptocurrency, Book 1
Business GeneralInvesting & Finance
Publisher: Lightning Source Inc
Published: Jan 11 2018
Pages: 140
Weight: 0.32
Height: 0.30 Width: 5.00 Depth: 8.00
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
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