How A Cryptocurrency Is Created

How A Cryptocurrency Is Created

Cryptocurrency is a buzz word for many. Most people who are already part of the bitcoin or any altcoin community have a fundamental knowledge about these digital currencies (if not in-depth technical knowledge and know-how to create or manage on their own). However, this article is apt for those who are either new to cryptocurrencies or still seeking more information about it. Cryptocurrency — Well the name says it all! These are digital tokens built over cryptographic functions. In other words, cryptocurrencies are sequence of encrypted bits transmitted and stored over a network. Just....


Related News

Bitcoin.com Wiki: Earn Money by Educating the Masses

Bitcoin.com is a dedicated domain created to teach the basic concepts and ideas behind cryptocurrency. We think that Bitcoin is a revolutionary concept that teaches economic independence and is ultimately a tool that will unleash free markets throughout society. Our page is always evolving and trying to figure out the best possible ways to educate and....

Redefining the Short Term Recruitment Industry — ChronoBank

ChronoBank, the Australian cryptocurrency platform has now created a decentralized global recruitment network powered by time-based cryptocurrency. Labor, whether it is white collared or blue collared is measured in terms of man-hours. However, the remuneration for employees in most of the cases is offered in fiat currency. The increasing popularity of cryptocurrencies, especially Bitcoin has opened up another mode of value transfer. ChronoBank, the Australian cryptocurrency platform has now created a decentralized global recruitment network powered by time-based cryptocurrency. The....

Ethereum DAO Crowdsale, the Most Successful Crowdfunding Campaign

Ethereum DAO token crowdsale is the best performing crowdfunding campaign so far! The platform has raised over $34.45 million in less than 15 days of launch. The Ethereum DAO crowdsale has been one of the most successful crowdfunding campaigns to date. DAO (Decentralized Autonomous Organization) created over the blockchain are the new generation of organizations or companies operating in a democratic fashion. The concept created by Ethereum protocol can be executed through smart contracts to carry out all the operations in an organization. The Ethereum Foundation recently created and....

Bitcoin Will Never Be Replaced by an Altcoin

Altcoins have a huge disadvantage when it comes to price volatility. Photo via btckeychain. Since the creation of Bitcoin, there have been hundreds of altcoins created that are supposed to be the next big cryptocurrency. The first one to gain any real success was Litecoin, and now we've seen the likes of Peercoin, Dogecoin, and others get their time to shine. While some of the newer variations of Bitcoin offer some interesting characteristics, it's important to remember the power of Bitcoin's position as the first cryptocurrency ever created. For a variety of reasons, Bitcoin is already....

Poland and its Altcoins – PolCoin, PolishCoin and PLNcoin

Many people were, of course, inspired by Bitcoin – the pioneer of cryptocurrencies – after which some Poles started to create their own coins. Admittengly, some coins were created as a means of getting rich, while many others has more altrustic approach who decided to make a practical coin for universal or specific use (e.g. coins designed specifically for gambling and games). In the case of Poland, at least 3 altcoins emerged from the country in the past 12 months. PolishCoin (PCC) is a cryptocurrency created by the Polish Coin Team. In the spirit of cryptography, the creators did not....