Cryptocurrency

in #crypto3 years ago
  1. Bitcoin
    is a cryptocurrency that is created in 2009 by Satoshi Nakaomoto. It is the first decentralised digital currency. All bitcoin transaction are recorded into blocks and store in a public distributed ledger. This ledger grows automatically when new transactions occur and maturing over time. Each block contain a cryptographic hash of the previouse block's header. This properties make it extremely difficult to change history of the database without re doing the work of all subsequent block its a millionaire job to have bitcion in 2022
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  2. Ethereum
    is a decentralized platform which run smart contracts and operate using its own unit of money, ether (symbolize as ETH). The name 'ether' stems from the greek goddess of wind and weather and the word 'Ethereum' means 'clouds' or'mist'. Ether can be transfer between accounts and used to compensates participants on the network for computation performed. This create an incentive for users to securise and maintain the platform's operating system.
  3. Ripple
    is a real-tim e settlement system based on open standard and peer-to-peer technology. It allow payments to be send directly from one part to another without going through finacial institution. Ripple payment solution are offered via software or API and uses XRP as its base asset.
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Your post was upvoted and resteemed on @crypto.defrag

u got my upvote

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