For anyone who works Or interested in digital stories, may have heard of the story Digital currency (Cryptocurrency) well, and today, SMEMOVE would like to talk about the story of cryptocurrency. What it is How to use it? It is divided into how many types and what are the pros and cons? So that you, all readers know the story of it at the same time today.
Cryptocurrency Or cryptocurrency Is the virtual currency in which the encryption will be used. To make it a security that cannot be counterfeited Or can pay repeatedly Today, many cryptocurrencies are decentralized systems based on blockchain technology that are Distributed ledger And they are enforced by different networks of computers. A defining feature of cryptocurrencies is that they are usually not released by any central authority. Its display is theoretically immune to government or management interference.
The first blockchain based cryptocurrency was Bitcoin. That is a digital currency that many people know. Of course, it is still the most popular and valuable. Today there are thousands of backup crypto functions Or various requirements That are still being used Which can be regarded as a clone of bitcoins While other currencies Still a fork Or is it a new digital currency that is separate from the existing one?
The form of cryptocurrency work
Cryptocurrencies are one of the systems that will provide secure payment of online transactions that are monetary in terms of virtual "tokens" that represent general ledger transactions within their own system. Pto refers to the fact that a variety of encryption algorithms and encryption techniques are used, such as ellipse curve encryption, public and private key pairs, and hash functions.