Search the Community
Showing results for tags 'terms'.
The search index is currently processing. Current results may not be complete.
Found 1 result
Your way in Cryptocurrency world ! I think everyone here need this information because it's the basis for Cryptocurrency world ! Lets begin ! Digital Currency What is the Digital currency ? An encrypted currency, a decentralized digital currency that uses encryption, in the sense that it is the process of converting data into a code, to generate currency units, and to verify transactions independant of the central bank or government It is a form of money, but it is a digital money, not like the tangible traditional currencies that already exist, but a digital money that is a code that spins several portfolios Among the forms of digital currency are Bitcoin and ETH , which are the two most common currencies in the world of digital currencies, and there are other forms of virtual currency, including Ripple, Dach and Litecoin. Digital currencies are decentralized, no one controlled it, have a public/Republican account record, and virtual transactions are integrated into the block chain, and transactions are conducted in a peer-to-peer network without a intermediary or third party such as banks Bitcoin BitCoin Bitcoin, a term that we used to hear, even in mainstream finance, is the first and most prominent digital currency that traders use in technology. Everything started when an unknown person, under the name of Matoshi Nakamoto, did. Design the Bitcoin as a P2P system without the need for any medium or central authority. Blockchain Block Chain is a form of distributed ledger technology (DLT), which means that it maintains records of all digital currency transactions on a distributed network of computers, but does not have a central ledger. Mining The process of mining in digital currencies is the use of the power of the computer you are working on, and the Internet to solve a mathematical equation, and document transactions, in order to extract encrypted currencies, which is to engage in documenting and recording transactions in the block chain using the power of the computer and the Internet Nowadays Mining process needs a lot of power ! Satoshi Nakamoto This name belongs to the Bitcoin inventor, the world's first digital currency, the largest in market terms to date, and is the alias of an unknown person, perhaps a financial firm or institution such as banks or even a country, but no one knows who this person is so far Wallet Like the wallet in your rear pocket, the digital wallet is used to store public and private keys through which digital currencies can be sent and received, and contains multiple pair of public and private keys. A digital currency is that it cannot be stored, but you only store addresses that belong to that currency. There are many types of digital portfolios, including the Internet portfolio, which are found on the Internet. The desktop wallet can be loaded onto your personal device, the phone wallet, which can be on your smartphone, and the iPhones or Wallet wallet, a device purchased through a company to save currency addresses on it, so that it is far from being compromised or stolen. If you have any good information could improve my topic please add it in a comment ! Source : bitcoinnews