WHAT IS A CRYPTOCURRENCY | HISTORY | REVIEW OF CRYPTOCURRENCY

What is a cryptocurrency | History | Review of cryptocurrency

What is a cryptocurrency? | History|Review of cryptocurrency,what is digital currency,how cryptocurrency works,cryptocurrency for dummies,cryptocurrency mining,cryptocurrency examples,cryptocurrency list,cryptocurrency Wikipedia, - buxcoindigicrypto.blogspot.com
What is a cryptocurrency?
What is a cryptocurrency? | Welcome to our site, here in this History of cryptocurrency site we will see a full brief detail review of cryptocurrency.

Review of cryptocurrency in 2019-2020





This video from - IMF

if you don’t know what is a cryptocurrency then it’s the right place for you to understand the revaluation of the cryptocurrency better than other article the condition is that you have to read the full article and follow some steps to better understand. Ok, let's go.
CONTENT LIST
  1. WHAT IS A CRYPTOCURRENCY?|HISTORY|REVIEW OF CRYPTOCURRENCY.
  2. 10 FEATURE OF CRYPTOCURRENCY.
  3. WHAT IS DECENTRALIZED CONTROL SYSTEM?
  4. SCHEMA.
  5. WHAT IS BLOCKCHAIN OR SCHEMA TECHNIQUE?
  6. DATABASE.
  7. WHAT IS PEER-TO-PEER TRANSACTION?
  8. HOW CRYPTOCURRENCY IS FULLY SECURED?
  9. WHAT IS WALLET SYSTEM OF CRYPTOCURRENCY?
  10. IN SHORT TIME TRANSACTION.
  11. WHAT IS GLOBALLY EXCHANGE?
  12. HOW EASILY TO BUY AND SELL CRYPTOCURRENCY?
  13. WHAT IS TRADING SYSTEM?
  14. REVALUATION OF CRYPTOCURRENCY?
  15. E-CASH.
  16. WHAT IS DIGICASH?
  17. B-MONEY.
  18. BIT GOLD.
  19. BITCOIN.
  20. SANTOSHI NAKAMOTO
  21. SHA-256.
  22. PROTOCOL.
  23. NAMECOIN.
  24. LITECOIN.
  25. SCRYPT.
  26. PEERCOIN.
  27. CRYPTO TOKEN
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What is cryptocurrency (cryptocurrency?) | Review of cryptocurrency

What is a cryptocurrency?|History|Review of cryptocurrency

What is cryptocurrency (cryptocurrency?)



As we know according to a country we have seen different types of currencies are running all over the world either it may be in coin type, or in the form of paper notes this is an example of INDIA country. And also it available in the form of different colors of plastic paper Currencies running in the market. Anyhow buying and selling transactions is going on manually or hand to hand in a physical way.
Nowadays we are living in a smart way with smart technology everything has become very smart around us with the help of technology and technology depend upon machine level language that’s called 0s and 1s.
By using the digital method the currency also got a new face which has become a SMART CURRENCY in the digital system.  
 Cryptocurrency is one of the latest smart currency or you can say digital currency or Global currency which is used as a digital number or you can say digital asset which is designed to work as a medium of a transaction that is used to make very strong and more secure cryptography in financial transaction.

What is a cryptocurrency

It controls additional units and fully verifies all the transaction assets easily in a fraction of second.
One of the most beneficial features of Cryptocurrency is fully decentralized control and to stop the central banking system. It works only on peer to peer Networks/systems as opposed to centralized digital currency as well as a central banking system. That’s why it was introduced. In the future, all the currency transactions will be done via Cryptocurrency way because it has a lot of features. Let’s see as given below...

10  FEATURE OF CRYPTOCURRENCY.

We will learn 10 features of cryptocurrency in super easy simple steps. 
  1. Decentralize system
  2. Peer-to-peer transaction.
  3. Strong Data Base.
  4. Fully secured.
  5. Blockchain Technology.
  6. Wallet System.
  7. In Short time transaction.
  8. Globally Exchange.
  9. Easily buy and sell.
  10. Trading system.

WHAT IS DECENTRALIZED CONTROL SYSTEM?


Decentralize the technique is one of the powerful techniques or you can say a protocol which is made for special cryptocurrency on which it runs and transects the whole process from one account to the destination account easily with more secure way and maintain user’s ledger means data or full detail information of the user as like in the banking system we have seen a number of times to maintain a hard copy of each member of users separately,.
Ledger *SCHEMA is nothing but a BLOCKCHAIN.

WHAT IS BLOCKCHAIN OR SCHEMA TECHNIQUE?

What is a cryptocurrency?|History|Review of cryptocurrency ,what is digital currency,how cryptocurrency works,cryptocurrency for dummies,cryptocurrency mining,cryptocurrency examples,cryptocurrency list,cryptocurrency Wikipedia,

WHAT IS BLOCKCHAIN 

In cryptocurrency all the transaction is done on a unique technique or technology we can say that’s a *BLOCKCHAIN technology. In which all the information is stored separately.
As we know earlier in banking system they maintain each user’s data/information individual in the ledger as a hard copy. Likewise, cryptocurrency is maintained a softcopy of each user is called a *DATABASE.

DATABASE-DB-Collection of records in rows and columns of each user in a particular way to get all the information of access users.
In an easy way, you can say each cryptocurrency members record is stored in a database schemas.

WHAT IS PEER-TO-PEER TRANSACTION?

buxcoin,CRYPTOCURRENCYThe peer-to-peer transaction is a topology which becomes one of the best feature for cryptocurrency system that is, the transaction is transect between sender and receivers only no one can interfere in them as their thinking they transact easily in any time via internet hope u understand.




HOW CRYPTOCURRENCY IS FULLY SECURED?

What is a cryptocurrency?|History|Review of cryptocurrency ,what is digital currency,how cryptocurrency works,cryptocurrency for dummies,cryptocurrency mining,cryptocurrency examples,cryptocurrency list,cryptocurrency Wikipedia,buxcoin

CRYPTOCURRENCY

In one sentence DataBase of cryptocurrency runs on BLOCKCHAIN protocol technology by using this protocol data is transected as we have read above which is understood only by the system, not by humans eye, it’s all run on machine level language that’s a 0s and 1s.In generally we can say it depends on machine level language so it is more secure. As well as on the front end side each user has got own user name and password to access their account which is given by administrator. 

WALLET SYSTEM OF CRYPTOCURRENCY,What is a cryptocurrency?|History|Review of cryptocurrency
WALLET SYSTEM OF CRYPTOCURRENCY

WHAT IS WALLET SYSTEM OF CRYPTOCURRENCY?


Whatever we have seen in the above information regarding cryptocurrency phenomena are related to desktop computer or servers through which anyone can access, so here about wallet system of cryptocurrency which is one of the most useful and popular user-friendly that is widely we are using  SMARTPHONE way through user can send crypto coins from one account to another account easily via app /application which is designed by an app developer.
Cryptocurrency app is widely used why because now a day’s everyone is using a smartphone so anyone can install easily from an anywhere in the world its related app from Google play store easily via the internet connection on a smartphone, as a wallet it works they can use their coins. Within a fraction of second, the transaction will be done by using a smartphone without a desktop computer, laptop, etc by applying username and password who has given by admin.

     IN SHORT TIME TRANSACTION

The time duration of a transaction is very good by using desktop and laptop as well as smartphone through, why because of the processing of BLOCKCHAIN protocol speed is too high so that the database very smartly designed to store data in rows and columns in particular user blocks.

WHAT IS GLOBALLY EXCHANGE?

As we know the cryptocurrency trend is spreading like airflow so now a day’s becoming very popular in some countries. rest of the countries are coming ahead to launch their own cryptocurrency in that situation cryptocurrency is widely used around the world and easily can exchange as and when required.   

HOW EASILY TO BUY AND SELL CRYPTOCURRENCY?

A lot of cryptocurrencies are running in the market as per your interest you can buy a smart coin or digital currency online by sitting anywhere. The question arises HOW! WHO IS PROVIDING! We will discuss briefly in the coming article be with us check out regularly for a new article.

WHAT IS TRADING SYSTEM?

This is only one of the ways through which you can trade easily. In generally we can say Online trading is nothing but a live trading platform from which you can buy or sell your coins.

REVALUATION OF CRYPTOCURRENCY?


The biggest turn of technology has been taken in a paper currency also which has never seen before. How things are becoming very smart likewise the currency is becoming very smart! Do you know how to let see
The revolution of cryptocurrency as we hear the name of cryptocurrency the name is come up and stand in front of us that is BITCOIN! Yes right. Bitcoin was released as open-source software in the year 2009. It considered the 1St decentralized cryptocurrency. suddenly "BITCOIN" releases over 4,000 "altcoin"  (alternative variants of BITCOIN, or other cryptocurrencies) has created.

FROM HERE THE REVALUATION OF CRYPTOCURRENCY AS WELL AS THE HISTORY OF BITCOIN HAS BEEN STARTED


In the year 1983 an American cryptographer David Chaum conceived an anonymous cryptographic "ELECTRONIC MONEY" is called "E-CASH" and after in the year 1995 again he implemented into DIGICASH.

WHAT IS DIGICASH?

DIGICASH-In this technology the users needed software for making a payment or withdraw notes from a bank which was designed as in an "ENCRYPTED KEYS" format. Let’s take an example of WESTERN MONEY TRANSFER I think you might have seen the process of Western Union money transfer system in this system sender can get a unique key provided by western money transfer admin so that an encrypted key can be sent to a recipient who can easily withdraw money from near of western money office only. Hope you understood.Awesome
This allowed the issuing bank, the government or any third party to not track the digital currency.
In the year 1996 "NSA" published in "MIT" Mailing list and again in the year 1997, an American Law reviewed.
After complication task by American law, again in the year 1998 the person WEI DAI published and he described "B-MONEY" as a distributed electronic cash system.
Suddenly thereafter a person NICK SZABO who has described a "BIT GOLD"
As like "BITCOIN".

BIT GOLD

BIT GOLD-Are you confuse! it was only gold-based exchange.
This system was designed as electronic currency system users complete "proof of task" function with the solution cryptographically.
Later this system was changed into "reusable proof of work" by HAL FINNEY one who followed the system of Dai & Szabo 
After making a lot of effort and techniques finally the Engineer got an awesome system that has become a big turn in the cryptocurrency system in the 21st century and finally, the time came to launch a digital currency.


INTRODUCTION OF BITCOIN

What is a cryptocurrency?|History|Review of cryptocurrency,what is digital currency,how cryptocurrency works,cryptocurrency for dummies,cryptocurrency mining,cryptocurrency examples,cryptocurrency list,cryptocurrency Wikipedia,buxcoin,review of bitcoin

INTRODUCTION OF BITCOIN


BITCOIN is first decentralized cryptocurrency was launched in the year 2009 by SANTOSHI NAKAMOTO which was used as an SHA-256 on the base of cryptographic hash protocol as it's proof of task schema.


SANTOSHI NAKAMOTO,what is a cryptocurrency, history of cryptocurrency, what is a digital currency, how cryptocurrency works,cryptocurrency for dummies,cryptocurrency mining,cryptocurrency examples,cryptocurrency list,cryptocurrency Wikipedia,bitcoin,buxcoin
Satoshi Nakamoto

* Protocol- protocol is nothing but a set of instructions or rules to follow or run which is developed by a software developer.
And afterword "namecoin" was created DNS in the year 2011 they for decentralized but it would make very difficult.
After long time attempt finally one of the successful smartest coins was released in the year 2011 October that was "LITECOIN".This was the first cryptocurrency to use scrypt as its own hash function instead of SHA-256 hashing function.
Again one of the cryptocurrency was created to use a proof-of-work hybrid that is "PEERCOIN"
In the year 2018 March the word "CRYPTOCURRENCY" was added to the MERRIAM-WEBSTER DICTIONARY.

CONDITION BEHIND CRYPTOCURRENCY

According to the system of CRYPTOCURRENCY is based on the Whole system uniqually designed for decentralizing does not require a central authority.


Crypto Token-
Crypto generally we can say a single unique UNITES or COINS are referred to as a crypto token or crypto tokens
Conclude-I hopes you got relevant information from our article so if you wish you can share this article with your friends. Thank You and Be Happy


OTHER RELATED BUXCOIN CRYPTOCURRENCY




TAGS- what is a cryptocurrency, history of cryptocurrency, what is a digital currency, how cryptocurrency works,cryptocurrency for dummies,cryptocurrency mining,cryptocurrency examples,cryptocurrency list, cryptocurrency Wikipedia, bitcoin,buxcoinMohsin Jameel

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