 |
August 09, 2017, 08:36:14 AM |
|
A cryptocurrency (or crypto currency) is a digital asset designed to work as a medium of exchange using cryptography to secure the transactions and to control the creation of additional units of the currency. ... Bitcoin became the first decentralized cryptocurrency in 2009.
Digital currency can be defined as an Internet-based form of currency or medium of exchange distinct from physical (such as banknotes and coins) that exhibits properties similar to physical currencies, but allows for instantaneous transactions and borderless transfer-of-ownership.
Mining programs tap into your computer's hardware resources and put them to work mining Bitcoin, Litecoin, or another type of cryptocurrency. And no, even if your hardware is used to generate money for them, you don't get any of it. They get all the money from putting your hardware to work.
for the beginner like me . I am amazed.
|
