The cryptocurrency of EOS.IO, a decentralized smart contracts VM platform launched on January 31, 2018. At the time of its release, owners of bitcoin automatically owned the equivalent number of Bitcoin Cash tokens. It was created by MIT graduate and ex- Google employee Carlie Lee as a personal project in his spare time.Ī fork of bitcoin that uses larger-sized blocks in its chain, permitting more transactions per block. Its primary differences from the bitcoin blockchain are a shorter block generation time and an increased maximum number of tokens. Operated by Ripple Labs, Inc., Ripple is a decentralized currency exchange and financial transfer system that provides real-time, individual, irreversible financial transactions, with negligible fees.Īn alternative to bitcoin released on October 7, 2011. The VM runs scripted, conditional transaction events referred to as "smart contracts." The cryptocurrency tokens, called "ether," may be generated or exchanged automatically based on successful completion of a smart contract. Ethereum operates as a decentralized, Turing-complete VM (virtual machine). Bitcoin's development is promoted by the bitcoin Foundation, a non-profit organization founded in 2012.Īn open-source blockchain computing platform, released on July 30, 2015. Bitcoin's underlying technology is an open-source variation of hashcash, a PoW (Proof-of-Work) algorithm that rewards users for "mining" subsequent blocks in the chain. The "original" cryptocurrency, proposed by Satoshi Nakamoto (a pseudonym) in the 2008 white paper, Bitcoin: A Peer-to-Peer Electronic Cash System.
Some of the popular or notable cryptocurrencies are listed below. Examples of cryptocurrenciesĪs of 2019, over 1600 distinct cryptocurrencies exist, with varying levels of popularity and activity. The decentralized nature of the cryptocurrency system means that no centralized authority, such as a government or bank, is required to regulate, control, or issue the currency.
Transactions are recorded in a distributed ledger, usually a blockchain, that can be viewed and verified by all users of the cryptocurrency. Cryptocurrency is digital currency that uses cryptography to verify financial transactions and control the creation of new currency units.
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