Crypto Picasso Bits To Freedom Video Course

Keywords List

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cryptocurrency

Summary

• A cryptocurrency (or crypto currency) is a digital asset designed to work as a medium of exchange that uses strong cryptography to secure financial transactions, control the creation of additional units, and verify the transfer of assets.

• cryptocurrencies use decentralized control as opposed to centralized digital currency and central banking systems.

• The decentralized control of each cryptocurrency works through distributed ledger technology, typically a blockchain, that serves as a public financial transaction database.

• Bitcoin, first released as open-source software in 2009, is generally considered the first decentralized cryptocurrency.

• Since the release of bitcoin, over 6,000 altcoins (alternative variants of bitcoin, or other cryptocurrencies) have been created.