What is “cryptocurrency”?
“cryptography” derives from the word “crypto,” a word used for being secret, hidden, and camouflaged. Cryptocurrency means a digitalized currency that is virtual and transparent, and no one can see your transactions. The question arises as to how the trades are being done. The transactions are being done with the help of the Internet. All the transactions, whether in the shape of bitcoin, Ethereum, Ripple, and all the types of cryptocurrency, are stored in the database software called BlockChain. The main feature for which “cryptocurrency” is being applauded/praised is that no interference from any central authority or government occurs, and there is no intermediary. When traditional transactions are done, the bank is an intermediary between the consumer and the supplier.
What is “BlockChain”?
A “BlockChain” is open-source database software. The introduction to BlockChain is that it is a digital ledger that records all the digital transactions you have done using cryptocurrency. The main goal behind making this open-source database software is to look like a traditional ledger, having a debit on its left side and credit on its right side. Digital catalogs are distributed among a vast network of computers called nodes, and each one has a separate record of all the transactions in its memory or, in technical words, a hard drive. The network of computers called “nodes” are connected with the software “Peer to Peer” or (p2p) client. When the transactions are entered into the blockchain, it is first in the state of hidden or encrypted data. The transactions are called to be done when approved and recorded into the digital ledger.
MICROBT WHATSMINER M50S++ MicroBT WhatsMiner M50S++ is one of the world's biggest manufacturers of ASIC Miners; this factory has an excellent repu...View full details
MICROBT WHATSMINER M50S+ MicroBT WhatsMiner M50S+ is one of the world's biggest manufacturers of ASIC Miners; this factory has an excellent reputat...View full details
Buy MicroBt Whatsminer M50 The Whatsminer M50 is a powerful and efficient Bitcoin mining machine. With advancements in mining technology, these mo...View full details
BUY MICROBT WHATSMINER M53S HYDRO - HIGH HASH RATES AND WATER COOLING FOR EFFICIENT BITCOIN MINING It is introducing the latest innovation from Mic...View full details
MicroBT WHATSMINER M53 HYDRO Are you looking to enhance your Bitcoin mining efficiency? Introducing the MicroBt Whatsminer M53 Hydro, a revolutio...View full details
MICROBT WHATSMINER M50S MicroBT WhatsMiner M50S is one of the world's biggest manufacturers of ASIC Miners; this factory has an excellent reput...View full details
Bitmain Antminer S21-Aryaminer Unlock unbeatable prices and seize the opportunity to own the first release in 2024 of the Antminer S21. At Aryamine...View full details
Bitmain Antminer S19k Pro - Buy, Price, and Sale! Are you looking for the best deal on the Antminer S19k Pro? Your search ends here at Aryaminer. ...View full details
ICERIVER KS0 - KS0 PRO KAS MINER The Ice River KS0 is a dedicated miner for the Casper network. It is a small, fanless device that consumes 120 wa...View full details
Unleash the Power of KAS Mining with ICERIVER KS1 Are you ready to take your KAS mining operations to the next level? Look no further than the ICE...View full details