Cryptocurrency

By Tim Mathis

A cryptocurrency (also known as crypto currency) is a digital asset designed to work as a medium of exchange using cryptography to secure the transactions, to control the creation of additional units, and to verify the transfer of assets. Cryptocurrencies are classified as a subset of digital currencies and are also classified as a subset of alternative currencies and virtual currencies.

Bitcoin, created in 2009, was the first decentralized cryptocurrency. Since then, numerous cryptocurrencies have been created. These are frequently called altcoins, as a blend of bitcoin alternative. Bitcoin and its derivatives use decentralized control as opposed to centralized electronic money/centralized banking systems. The decentralized control is related to the use of bitcoin's blockchain transaction database in the role of a distributed ledger

• Format: Paperback
• Language: English
• ISBN: B0BGQQ8K49
• ISBN13: 9798215300879
• Release Date: January 2018
• Publisher: Brendan Gallagher
• Length: 140 Pages
• Weight: 0.32 lbs.
• Dimensions: 0.3" x 5.0" x 8.0"