what cryptocurrencies can you mine
what cryptocurrencies can you mine? The growth of blockchain technology in recent years and the search for financial recovery by companies have made appearances. As a natural alternative to a centralized economic system and a suitable refuge value for the coming years. Do you want to know the leading and how to invest in them? Enjoy this post!
For you to see with your own eyes; In the following image, you can see the growing interest in the term “cryptocurrencies” in Google searches in the last 5 years:
The ten cryptocurrencies (or cryptocurrencies) with the most future
However, with so much noise on social networks and other media, we can certainly feel confused and not understand precisely what these cryptocurrencies or crypto-assets are based on and how they work.
In this guide, we will talk about what cryptocurrencies are, what principles they are based on, and what are the leading by market capitalization.
What are cryptocurrencies?
Cryptocurrencies are digital or virtual currencies planned to function as a middle of an exchange.
These currencies have the same function as the money we use daily since they are used to pay for products or services. Now, how is digital technology money, it can be hackable, and that is why cryptography comes into play.
Cryptography is the science responsible for encrypting a message so that the appropriate recipient can only read it. In this way, when we send a cryptocurrency to a person, we ensure that the currency cannot be intercepted and stolen through cryptography.
The ten cryptocurrencies with the most future – cryptography 1024×341
In this image, we see how cryptography prevents you from interpreting the message sent (or stealing the currency, in our case) if you are not the receiver or sender.
In short, cryptocurrencies are limited entries in a database that no one can change unless specific conditions are met.
Characteristics of cryptocurrencies
Its main characteristics, as we have said, are:
A cryptocurrency or cryptocurrency is a method of digital asset based on a system that is dispersed in a large number of computers. This makes it decentralized (it does not depend on an enormous central computer).
It is not a physical currency (although it can be stored on devices such as hard drives or external memories).
Its creation is based on unique cryptography.
They do not depend on anybody or the government responsible for generating this currency.
Functions of Cryptocurrencies
Cryptocurrencies are systems that allow secure online payments denominated in virtual ” tokens “, which are represented by internal accounting entries of the system.
“Crypto” means encryption algorithms and cryptographic techniques that protect these inputs. Such as elliptic curve encryption, public/private key pairs, and hash functions.
How many cryptocurrencies or cryptocurrencies exist?
Today there are more than 10,000 virtual currencies around the world and counting. In addition, every so often, a new one appears, which is created through a process called ICO.
What differentiates all these currencies is the technology, the encryption, and the philosophy that they use. Most use Blockchain technology, but it is not the only one.
Some platforms. With the creation of new, new media have appeared to send, receive and buy different kinds of cryptocurrencies, such as Bitcoin Cash, Ethereum, and Litecoin. However, we must not confuse these networks with wallets or cryptocurrency buying and selling platforms. As Coinbase and Binance are buying-selling platforms. And digital wallets that allow you to operate safely with cryptocurrencies.
The latest news of the Blockchain boom predicts more and more consolidation of virtual currencies and the arrival of more and more investors (even governments have already started buying these assets). We tell you what the cryptocurrencies of the moment and those that seem to have more future are. For this, we will choose the ten most significant coins by market capitalization:
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