Bitcoin for Beginners [1/10] : Cryptocurrency

Bitcoin for Beginners [1/10] : Cryptocurrency

By sewekev | TechTalk | 25 Oct 2019


Bitcoin for Beginners : Cryptocurrency


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First , Lets understand what CRYPTO is.

Crypto  

Crypto- is short for “cryptography”, a computer technology used for securing and hiding information, among other things.

Cryptocurrency is a currency combined with cryptic properties. It is electronic money with basic common features like:

- Controlling its making process

- It can protect the transactions from being manipulated

- It can hide identities of its users

So How Those Are Made?

For the simplicity lets just say by using computers processing power  to solve mathematical equations. And by that we can 'mine' those digital money. We will be explaining that in more details in upcoming posts.

 

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