Cryptocurrency Prices (Top 20)
What is Cryptocurrency..?
Cryptocurrency is a digital medium of exchange between parties. It is basically digital money. Because of its simplicity, many experts theorize it will become a standard alternative to paying cash, check or credit card. Because it is typically handled through blockchain or other highly secure platforms, transactions are anonymous, but still transparent and secure. The most common form of Cryptocurrency is Bitcoin. Other alternate cryptocurrencies such as Ethereum, XRP, Bitcoin Cash, and Lite coin are often referred to as altcoins.
What is Blockchain..?
A blockchain is a well-thought out but simple way to pass information between two parties in a secure and fully-automated way. A blockchain is a chained set of records called blocks that are connected using cryptographic principles. Each block contains an encoded hash of the previous block, along with a timestamp and data relating to the transfer of data (transaction). To break it down farther, a block is a bit of digital data (a block) that is stored in a public database (the chain). This public ledger of sorts acts as a way to deter fraud.
Mining Tips
-Do your research
-Understand the different algorithms
-Be aware of scam artists
-Find a good cryptocurrency wallet
-Research Rigs
-Be aware that it is a long term goal
This site offers more detailed information on everything you need to know about cryptocurrency, how it is created, managed, and traded.There is a section that talks about blockchains and how they are used to keep information private. There is also sections explaining a few of the more popular cryptocurrencies, where to get cryptocurrency, how to use it, and retailers that accept popular cryptocurrencies. Finally, there is a section that discusses cryptocurrency mining in more detail (the process by which cryptocurrency is created and verified - the backbone of the blockchain technology).