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Ch Ayyan

How crypto currencies created?

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On 4/5/2020 at 11:21 AM, George10 said:

Cryptocurrency like bitcoin was created by satoshi Nakamoto and introduced to the blockchain technology in 2009 and there about 21million bitcoins in circulation that are mined by miners and exchanged through exchanges to some other cryptocurrencies.

That's right bitcoin was created by the person who's name is Satoshi Nakamoto way back 2009 that's why he spread it until many people discovered bitcoin and the others created their own cryptocurrencies. 


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They are software codes stacked on top of each other resulting from a process called mining, meaning the creation of these codes, and their value comes primarily from the goal or project that they aim to implement, such as Bitcoin and its blockchain, its production and mining.

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Crypto currencies are digital decentralized currencies serving as alternative means of making anonymous international transactions which is very fast, safe and secure with very low fees.

Bitcoin been the top leading coin in the world of crypto currency was the first Crypto coin to be created in 2009 by great economic expert Satoshi nakamoto. And more of them, These coin doesn't depends on local baking systems but greatly rely on crypto exchangers for the transactions.

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Listing - the procedure for adding digital coins to the lists of available tools on trading platforms. After adding to the lists, assets become available for sale and purchase, get into quotes.

How the listing on the exchange occurs

The initiators of the listing, as a rule, are the creators of the coin. It happens that trading floors can take the initiative and add an asset if the coin is already in demand among traders.

Each trading platform establishes its own rules and requirements for adding an asset. Some exchanges set quite high bars, others are more loyal to new cryptocurrencies.

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Excellent information, the news of cryptocurrencies really is many and it is difficult to cover everything related to digital currencies.  From my criteria and as a rookie you have to be updating every day.  Do you think the cryptocurrency boom can increase over the years?  We really are prepared to face the crypto world we are in.? 

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On 19/3/2020 at 11:40, Ch Ayyan said:

Tengo una pregunta sobre cómo se crearon las criptomonedas. Y desde donde los intercambios compran cripto. Compramos y transferimos nuestras criptomonedas de los intercambios. Compramos su como queramos. ¿Pero los intercambios obtienen criptografía de dónde? 

They were surely created with the aim of creating other means of payment, parallel to the economies of the countries

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With cryptography, this encryption or encoding technique is intended to alter the linguistic representations of certain messages in order to make them unintelligible to unauthorized recipients to secure and verify transactions, as well as to control the creation of new units of a particular cryptocurrency.

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On 3/19/2020 at 5:40 PM, Ch Ayyan said:

I have a question how  crypto currencies created. And from  where exchanges purchase crypto.  We purchase and transfer  our crypto  from  exchanges. We purchase their as we like. But exchanges get crypto from  where? 

If you want to know how the currency was created and for what it is better read this document "Bitcoin: A Digital Peer-to-Peer Cash System". So to speak firsthand

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On 3/19/2020 at 8:40 PM, Ch Ayyan said:

I have a question how  crypto currencies created. And from  where exchanges purchase crypto.  We purchase and transfer  our crypto  from  exchanges. We purchase their as we like. But exchanges get crypto from  where? 

From 2008 crypto journey started. And all crypto created under a blockchain network. And all the coins are on the wallets. Exchanges don't have these coins if people don't deposit it. Exchanges just process the order of buyers and sellers.


 

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A very good question! Tode is very interesting to me. Perhaps these are very large sites and they have a lot of money, or are they mining on a production scale?

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I understand that through mathematical codes, and I also know that they talk a lot about mining.

 

Another thing that I manage is that many coin creators remain anonymous.

 

But in the end, I think the creation of cryptocurrencies is a mystery.

 

But imagine if everyone knew the way people would put out their own cryptocurrency, it would be a disaster. 

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Most of them are created as tokens. It means they are based on an already created crypto. For example ether has its own erc 20. You can create your own currency, but it is necessary to pay some gas to deploy smart contact

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Cryptocurrency is created by code.

In many cases, new coins are created when transactions are confirmed by a process known as mining. With that said, while coins like Bitcoin and Ethereum use mining, not every cryptocurrency uses mining to generate new coins and coins can be created some other ways as well.

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very good question I would also like to know your answer and besides that, what is it that gives its initial price to a cryptocurrency at the time of its launch?

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Stage 1 – download the base code
If you search the Web, you can find a lot of resources that offer sources for creating your own crypto-money, for example, Github com. In other words, you are offered ready-made developments that will simplify further implementation.

 

Stage 2 – loading the necessary libraries
Thanks to such extensions – software libraries – the code downloaded earlier will work.

 

Stage 3 – assign a name to the currency
So, at the moment you have the code – a ready-made currency, but not yet compiled. You just need to change its name to the one you originally planned.

 

Stage 4 – configuring network ports
This is a very important stage, an error in which will make it impossible to work with currency over the Network.

 

Stage 5 – generation of currency
When the ports are configured, it's time to start directly producing your virtual money. The generation process is block-by-block, independent. In the program settings, you specify the total desired amount of currency and the amount that can be generated at a time.

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I will talk about my experience with Ethereum gas. A huh is a smart contract, which I did frankly as an experiment. It is true that I did not succeed in it, but I am still studying to succeed and this is important to me.

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How exactly coins are created depends on what is defined by a given cryptocurrency’s code. For example, a cryptocurrency may create some tokens upon launch as developer rewards or a cryptocurrency may pay out tokens as dividends on a monthly basis. Cryptocurrency is software. Every function from how transactions are recorded, to how data is stored, is dictated by code.Especially for cryptocurrencies whose main function is to act as a money, cryptocurrency transactions are typically stored in a type of database known as a blockchain, other cryptos use unique technology, but the gist is the same. 

What we think of as cryptocurrency, for example 1 Bitcoin, is just numbers recorded on a cryptocurrency’s blockchain. Another word for that stand-in for value is “token” often also called a “coin”. 

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The concept or idea of cryptocurrency was first described by Wei Dai, in 1998, where he proposed the idea of creating a new type of decentralized money that uses cryptography as a means of control, while the first cryptocurrency that was created was Bitcoin , created in 2009.

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when i dont know but ı know how. when satoshı created btc there was no currency and also people not aware of btc. after btc become favorite  people need buy more cause mıng was not enough. then also mıner need to sell. lıke thıs currency stars.

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On 4/6/2020 at 12:50 PM, bentayebsalah said:

Cryptocurrency is manufactured in a complex way through the use of several programming languages, and then it is combined with trading platforms after contracting with them

Goodnight. That's right, for the most part they are very secure, since they use advanced blockchain languages.

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           The concept or idea of cryptocurrency was first described by Wei Dai, in 1998, where he proposed the idea of creating a new type of decentralized money using crypto as a means of control.

 

           Bernard von NotHaus is the Name of a US Citizen who created the coin called Liberty Dollar, in 2007, about a dozen Federal agents confiscated about two tons of coins with the image of Ron Paul, a Texan congressman. In addition, they took approximately 500 pounds of silver and between 40 and 50 ounces of gold.

 

          But at a hackers' convention in the Netherlands a young man using a Alias called "Satoshi Nakamoto" spoke to Bernard and told him that the Liberty Dollar was the inspiration for a new Digital currency.

 

         Satoshi was very kind, he is a hero to many of us and we can enter the bitcoin code read it and study it is completely public and free but cannot be controlled because they are already too many computers that generated a network.

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Cryptocurrency is created by code.
In many cases, new coins are created when transactions are confirmed by a process known as mining. With that said, while coins like Bitcoin and Ethereum use mining, not every cryptocurrency uses mining to generate new coins and coins can be created some other ways as well.

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