Cryptocurrency is a digital currency that has no physical appearance. It’s a medium of exchange, stored and created electronically in a blockchain using encryption methods to validate the transfer of funds and govern the monetary units. Bitcoin is the most popular form among over 3000 cryptocurrencies. We’ve highlighted the best cryptocurrencies below. Let’s take a look at them:
Bitcoin
It would be no wrong saying that Bitcoin is the world’s most important cryptocurrency that was introduced in 2009 by an unkown person ‘Satashi Nakamoto’. It’s an online currency that you can have without using your real name. Since mostly merchants and online stores accept it, you can buy anything using bitcoin. But nowadays people are buying Bitcoin just to earn huge profits.
Here’s what Satoshi Nakamoto said announcing Bitcoin on 09 January 2009:
‘’Announcing the first release of Bitcoin, a new electronic cash system that uses a peer-to-peer network to prevent double-spending. It’s completely decentralized with no server or central authority.’’
IOTA Coin
Similar to Bitcoin, IOTA coin is new cryptocurrency designed with present day needs in mind. It employs a novel technology called ‘Tangle’, the latest data structure working on a DAG (Directed Acyclic Graph). Things are a little different in IOTA, so it works slightly different from other blockchains. Do you need explanation for investing in IOTA? You can find lots of blogs online to get the best advice.
Ethereum
Ethereum is a public, open-source, blockchain-based computing platform presenting smart contract functionality. It offers a decentralized Turing complete virtual machine, the EVM. This machine execute scripts via international public nodes network.
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Nature enthusiast and outdoorsy soul, Scott Procter’s blog is an invitation to explore the natural world. Join him in his quest to reconnect with the great outdoors and embrace a life in harmony with nature.
