1. WHAT IS CRYPTOCURRENCY ?
Cryptocurrency is a currency which is not exist in physical form. It is
only available in virtual form.and it is available in all the country and it is
very valuable.
And it is encrypted form of money and it is very secure.
And the value of the cryptocurruency were change according to the demand
and supply .
History
After seeing all
the centralized attempts fail, Satoshi tried to build a digital cash system
without a central entity. Like a Peer-to-Peer network for file sharing.
This
decision became the birth of cryptocurrency. They are the missing piece Satoshi
found to realize digital cash. The reason why is a bit technical and complex,
but if you get it, you‘ll know more about cryptocurrencies than most people do.
So, let‘s try to make it as easy as possible:
To realize
digital cash you need a payment network with accounts, balances, and
transaction. That‘s easy to understand. One major problem every payment network
has to solve is to prevent the so-called double spending: to prevent that one
entity spends the same amount twice. Usually, this is done by a central server
who keeps record about the balances.
In a decentralized network, you don‘t have this
server. So you need every single entity of the network to do this job. Every
peer in the network needs to have a list with all transactions to check if
future transactions are valid or an attempt to double spend.
The trend
of cryptocurrency was start in the 21century and now the most valuable currency
in the world .
Block chains
The validity of each
cryptocurrency's coins is provided by a blockchain. A blockchain is a
continuously growing list of records, called blocks, which are linked and
secured using cryptography.[13][16] Each block typically contains a hash
pointer as a link to a previous block,[16] a timestamp and transaction
data.[17] By design, blockchains are inherently resistant to modification of
the data. It is "an open, distributed ledger that can record transactions
between two parties efficiently and in a verifiable and permanent
way".[18] For use as a distributed ledger, a blockchain is typically
managed by a peer-to-peer network collectively adhering to a protocol for
validating new blocks. Once recorded, the data in any given block cannot be
altered retroactively without the alteration of all subsequent blocks, which
requires collusion of the network majority.
Blockchains are secure by
design and are an example of a distributed computing system with high Byzantine
fault tolerance. Decentralized consensus has therefore been achieved with a
blockchain.[19] It solves the double spending problem without the need of a
trusted authority or central server.
The block time is the
average time it takes for the network to generate one extra block in the
blockchain.[20] Some blockchains create a new block as frequently as every five
seconds.[21] By the time of block completion, the included data becomes
verifiable. This is practically when the money transaction takes place, so a
shorter block time means faster transactions.[citation needed]
here is the link of websites
https://bitcoin.org/en/
here is the link of websites
https://bitcoin.org/en/
Types of cryptocurrencyes
1. Bitcoin
2. Litecoin
3. Ethereum
4. Z cash
5. Dash
6. Ripple
7. Monero



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