Cryptocurrencies
By: Michael Kuperman
What is it?
A digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank.
Examples of some cryptocurrencies
How did the first Cryptocurrencies start
Bitcoin was invented by an unknown person or group of people using the name Satoshi Nakamoto and released as open-source software in 2009. Bitcoins are created as a reward for a process known as mining.
1 Bitcoin equals
4,008.99 United States Dollar
How to earn bitcoins/mining
So-called miners perform a crucial function within the blockchain, or the decentralized ledger technology that underpins all cryptocurrencies, by solving complex computational problems to validate transactions on the network, In exchange for this function, which powers the blockchain, miners are rewarded with bitcoins.
Questions