Overview
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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Details
- ISBN-13: 9798215300879
- ISBN-10: 9798215300879
- Publisher: Brendan Gallagher
- Publish Date: January 2018
- Dimensions: 8 x 5 x 0.3 inches
- Shipping Weight: 0.32 pounds
- Page Count: 140
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