What is Cryptocurrency? Virtual Money, Bitcoin and Altcoins | The main features and types

What's happening coin polygraphers? This is Rohtak make here with today's, crypto 101 on cryptocurrencies. Did you guys know that there are over 2000 different cryptocurrencies out in the market today, and yet the big tank is the Bitcoin.

Today it is considered the gold of the Internet as it introduced blockchain technology to the entire world. Its main purpose was to decentralize currencies. So that the government isn't in control of your money, bitcoins are broken down into satoshis.

The black best way to explain this is that bitcoins are like dollars, whereas satoshis are like cents, but there's. Another currency whose popularity is growing right now litecoin is a peer-to-peer, cryptocurrency creation and transfer of coins.

It's based on an open-source cryptographic protocol and it is not managed by any central authority, was inspired by bitcoin. Litecoin does have some technical improvements, as it has almost zero payment costs and facilitates payments.

Approximately four times quicker than Bitcoin flaw chain proposes not only currencies but also new systems, namely ethereal. It is a computing platform featuring smart contracts. That means that a contract is ruled by a computer protocol.

Aetherium also provides a cryptocurrency token called ether which can be transferred between accounts and used to compensate participating nodes for computations perform. In other words, the etherium platform allows other programmers to build their own crypto coins.

For instance, ripple and enables secure instant and nearly free global financial transactions of any size with no chargebacks ripple is used by big companies such as unique credit and UBS as settlement infrastructure technology.

Its main competition is the International Swift monetary transfer system. Even if you don't know anything about blockchain and bitcoins. I believe you have heard about earlier. It was known as dark coin.

I it isn't pork Bitcoin. It duplicated bitcoins existing code and made it better by dressing the issues. Users, faced with it so apparent flaws and weaknesses in Bitcoin, are absent and making both digital coins substantially different in terms of efficiency, provides a faster and more anonymous service to its users.

Manero is considered a cash like cryptocurrency, it is more anonymous than bitcoins and it is basically impossible to trace or track mineiro transactions to keep learning more about the industry. Make sure that you subscribe to the channel down below and to the person who posts.

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