X I P E

Loading

Learn more about bitcoin, cryptocurrency, and blockchain

There has been a lot of noise recently about terms like "bitcoin," "blockchain," and "cryptocurrency."

17 de septiembre del 2018

Let's start with some definitions so you can understand more about these terms.

The blockchain is a decentralized ledger of all exchanges over a distributed system. Utilizing this technology, members can confirm transactions without a requirement for a central clearing specialist. Potential applications can incorporate fund transfers, settling exchanges, voting, and numerous different issues.

Bitcoin is a digital currency that isn't backed by any nation's national bank or government. Bitcoins can be traded for products or services with merchants who accept Bitcoins.

 

A cryptocurrency is a digital currency and utilizes cryptography for security. Public and private keys are regularly used to exchange cryptocurrency between people. A digital currency in which encryption procedures are utilized to direct the generation of units of money and check the transfer of funds operating independently of a national bank.

Share: