Category: Cryptocurrency

A cryptocurrency, or cryptosystem, is any digital asset designed to function as a virtual medium of exchange whereby multiple personal coin ownership details are maintained in a distributed ledger in such a way that each account can be read by any compatible program. The most common cryptosystems are the Openwall and Blockstream. These two are the most popular and have the most advanced capabilities. However, there are several other well known cryptosystems that also have…

A new form of money has been introduced on the global market – Cryptocurrency. This form of money differs from conventional money because it is not issued by a government, but by a system of computer networks. All businesses that want to accept Cryptocurrency as a form of payment must first establish themselves on one of these networks. Once they have gained enough trust from users, businesses can go about putting their money into a…

A cryptogram, cryptocurrency, or cryptocoin is a unique type of digital asset designed to operate as a medium of electronic exchange where only public key encryption keys are needed. In the world of Cryptocurrency, the public key encryption allows the transfer of money from one party to another within a network. Public key cryptography is based on the mathematical theory of digital signatures that are independently signed by the owner of the key. These signatures…