|| Cryptocurrency ||

in Project HOPE24 days ago

Assalamu Alaikum


How are you all?Today I will share with you about Cryptocurrency ! am sharing with you at the beginning because if I share at the beginning then you can realised it.I am young and have very little experience so please excuse any mistakes.

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Cryptocurrency is a type of digital currency whose production, storage or exchange process is not controlled by a single institution (such as a government or central bank). It works through a computer network in a decentralized process.
Currently, there are more than 25,000 types of digital currencies around the world. But it wasn't long when this digital currency or cryptocurrency started its journey.
Bitcoin is the world's first cryptocurrency. On October 31, 2008, an individual or group under the pseudonym Satoshi Nakamoto published an article on how Bitcoin works using the blockchain network.

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It is believed that the official journey of Bitcoin discovery started from that time. Then in January 2009, Satoshi Nakamoto created the first block on the blockchain network and started mining Bitcoin.
SHA-256 hash function is used in Bitcoin mining. Later, the journey of cryptocurrency started with the discovery of Namecoin, Litecoin, Peercoin in 2012.
Some of the popular cryptocurrencies of today are Bitcoin, Ethereum, Solana, BNB, Dogecoin, Cardano etc.
Introduction to Mining in Cryptocurrency Networks
Cryptocurrency is a decentralized network, meaning it has no specific authority. Basically, through mining, transactions are completed on this network and cryptocurrencies are generated.
Today's discussion ends here. I hope you find it interesting and able to understand. Share your thoughts on today's topic. Wishes and blessings to all.

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