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Showing posts with label cryptocurrencies comparison. Show all posts
Showing posts with label cryptocurrencies comparison. Show all posts

July 13, 2015

Crypto Currencies

altercoins


What is Crypto Currency? Of course, it is not a typical money: even if most of them have names with an end "coin,"  usually crypto currency don't come in physical form, even if they represent money in digital form, it is a bit complicated to use them, it is not the same as digital payment services like any payment processor.

 Cryptocurrency is electricity converted into lines of code with monetary value. if to say more simple, cryptocurrency is digital currency.

bitcoins
The first cryptocurrency that was created back in 2009, is Bitcoin - BTC, and it is also the basis for all other new crypto coins that are now popping up so often. Bitcoin was created by "Satoshi Nakamoto" - it is pseudonym that was used by unknown person or even group of people. In 2014 Newsweek published article pointing one Japanese-American man who lives in California, Dorian Nakamoto, as a Satoshi Nakamoto, Bitcoins creator, but he denied it and even raised a legal defense fund to sue this publication.