Cryptocurrency what is this? – Ecrypto Pay
ecryptopay Bitcoin
Cryptocurrency is a digital currency. But such an explanation seems incomprehensible for many people. So, it`s better to say that this is a certain code that calculates а computer hardware. This code is digital money that can be exchanged for real money through online services.
The firts one and the most popular cryptocurrency is Bitcoin (BTC) — virtual gold. The creator is Satoshi Nakamoto. Whether this is a real person or a legend could not be established. However, the creator’s honor was named one hundred millionth part of Bitcoin (0.00000001 BTC) — Satoshi.
Features of cryptocurrency are:
– Decentralization: Coins issue systems of complex mathematical algorithms, that is, there is no special organization that issues banknotes;
– The value of cryptocurrencies is not supported by gold, but by the trust of people, their willingness to receive / give it for real goods;
– Anonymity — the system does not use names, surnames or any other personal information.
Currently, crypto currency has gone beyond the boundaries of the online sphere. Many cafe, shops are ready to accept payment in digital form.
How to earn cryptocurrency
There are several ways to earn cryptocurrency. Lets concider some of them:
– Mining — the process using the power of a computer device to generate code.
– ASIC — special high-power chips for decoding algorithms.
– Cloud mining allows you to earn passively, automatically, on multiple platforms at the same time, while simultaneously doing another thing. Cloud mining rents a certain part of the capacity of the industrial “farm”, together with other participants, produces cryptocurrency.
– Online games and buxes are also used as a cryptocurrency payout unit
– ‘’Airdrop’’ Free distribution of cryptocurrency in order to increase user interest in the project and increase loyalty.
Experienced miners advise: earnings will be quite modest in the first months, since each method of mining cryptocurrencies requires a well-thought-out strategy and competent steps.
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Published at Sun, 01 Sep 2019 17:34:16 +0000
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By trendingtopics on 2019-03-18 23:02:31
