CryptoCurrency

What is CryptoCurrency?
In today's era, CryptoCurrency is a subject of the most recent discussion. Many of you have a lot of interest to know about it. On behalf of many, today you will try to cover roughly a basic idea with Crypto Currency.
*What is CryptoCurrency?
Cryptocurrency is a digital asset that is an exchange medium like a dollar. However, this currency does not go unchanged in the usual way like a dollar. It is managed according to the principles of cryptography. Cryptography is usually a technology used for secure transactions and the creation of new coins. In early 2009, the first cryptorchency bitacane was introduced. After Bitcoin, there are hundreds of cryptocurrency now called Altcoins.
*Characteristics of the Best Cryptocurrency
Everyone should be accepted by the general public and by the means of exchange.
There should be certain limitations or ratios to change its price over time with stable.
Consistency: There should be a significant change and quality control compared to the surrounding competitors.
Interchangeability: Must have exchangeability.
Sustainability: It can not be easily produced. It should be rare that it is not produced without specific technology.
Easily Accepted: It has to be easily recognized by certain exchange methods.
Profitable: Must be economically profitable.
Partitionability: It should have specific and acceptable value, even though it is divided into smaller sections.
How does cryptocurrency generate?
Cryptocurrency was created by transforming the power power into a financially priced code line. Generally speaking, it is a digital currency. It is designed to reduce the production on time, such as the most popular cryptosystem Bitcoin, which creates a market cap on them.

It is completely different from the print currency, because financial institutions can always make Centralized Currency, so inflation is created. Betacan will not be more than 21 million coins. But according to current mapping statistics, this number may be up to 2140. The technical system is based on logical cryptococcerns by Satoshi Nakamoto.
*How much is the currency?
The currency is usually two types. Namely

Centralized Currency: The currency that is controlled by the government is called Centralized Currency. The government controls the printing or printing of this currency through the central bank. Such as dollars, different national currency etc.
Decentralized Currency: The currency that is not regulated by the government is called the Centralized Currency. Like most cryptographers

History of Cryptocurrency
The first cryptocarrency is Bitcoin. In 2009, a pseudo-developer named Satoshi Nakamoto created Bitcoin. Bitcoin used SHA-256, which is a set of cryptographic hash functions designed by the US National Security Agency. Bitcoin is a cryptococoncy that is based on the "proof-of-work" method.

The first altcoin named Namecoin was launched in April 2011. It was also a Decentralized Currency that was made to make Internet censorship more difficult.

Litecoin gets release on October 1, 2011. This is the first successful cryptococarcan controlled by the scrypt hash function. At that time, Bitcoin Mining was done only through ASIC machines, for which ordinary people could not bitekkayen. But litecoins are mined through simple hardware because mining is open for the public. Litecoin came to the attention of the media in 2013, in which their market cap was $ 1 billion.

Ripplecoin (XRP) was created in the same technology of Bitcoin in 2012. It is also used as a payment gateway, though cryptocarrency.

In this way, there are several hundred and fifty crores of coins currently owned and operated by different people.
*Market Capitalization
Bitcoin is the largest crypto currency on the basis of market capitalization, volume and acceptability. Etherium in the second position. Then Bitcoin Cash,Ripple,Litecoin
*What is CryptoCurrency Hash?
Cryptocurrency mining power measurement unit hash This hash power is released in the form of KH / S, MH / s, GH / s, TH / S etc.

 1 KH / S = 1,000 hashes a second
 1MH / s = a million hashes a second
 1 GH / s = one billion a second

A miner successfully resolves a block and creates a new hash. The hash algorithm converts large amounts of data into a fixed length hash, enabling large-quality data. If you know the algorithm, you can solve a hash and find real data. But it is a small number of numbers in the eyes of common eyes. It is virtually impossible to find real information from here.

For the mining of coins, the two people have used the hash function. SHA-256 and Scrypt In addition, some hash is used. Also, both the hash functions of scrypt-N and x11 are also used for mining some coins.