Cryptocurrency Definitions: Bitcoin

Bitcoin

Bitcoin is the largest and most secure cryptocurrency in the world. The cryptocurrency was founded by the mysterious Satoshi Nakamoto, whose true identity has not yet been verified, in 2009. It’s a digital currency that has sky rocketed in value in the past year, with the market cap for all Bitcoin (including Bitcoin cash) at … Read moreCryptocurrency Definitions: Bitcoin

Cryptocurrency Definitions: Cryptography

Cryptography is a method of storing and transmitting data in a particular form so that only those for whom it is intended can read and process it. The method involves creating generated or written codes that allows information to be kept secret. Cryptography converts data into a format that is unreadable for a user, allowing … Read moreCryptocurrency Definitions: Cryptography

Cryptocurrency Definitions: Cryptocurrency

Cryptocurrency

Cryptocurrencies in simplest terms are limited entries into a database which no one can change without fulfilling specific conditions. These digital currencies use cryptography and transaction ledgers to create a secure, anonymous, traceable, and secure monetary system. A cryptocurrency like Bitcoin is composed of a network of peers. Every peer has a record of the … Read moreCryptocurrency Definitions: Cryptocurrency