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Showing posts from November, 2021

What is Cryptocurrency ?

Cryptocurrency Cryptocurrency is also known as Crypto is a decentralized currency based on a technology called Blockchain. Blockchain is a valid list of crypto records called Blocks,  that are linked together using  cryptography .  Each block contains a  cryptographic hash  of the previous block. Cryptocurrencies are virtual currencies that don't have any physical form like notes or coins and they don't have any central authority. Bitcoin Bitcoin , first released as open-source software in 2009, is the first decentralized cryptocurrency.  Since the release of bitcoin, many  other cryptocurrencies  have been created. Bitcoin was $0.005 when it's released for the first time and now the price was more than $50,000 and it's growing day by day. Cryptography To know all about Cryptocurrency we have to know about Cryptography so we have to go back to  1983, the American cryptographer  David Chaum  conceived an anonymous cryptographic ...