In today's era, cryptocurrency has become a very big business,
so let's know how we can earn from it. First of all, you have to know when it started.
It all started,In 1983 when the American cryptographer David Chaum discovered cryptographic
“electronic money” called “ecash”. later in 1998 Wei Dai published a description on “b-money”
known as distributed electronic cash system.After that Nick Szabo described bit gold like bitcoin
and other cryptocurrencies that would follow it,bit gold as an electronic currency system which
requires users to complete proof of work function with function with solution being cryptographically
put together and published.Later on bitcoin was invented in 2008 by an unknown person or group
of people using the name Satoshi Nakamoto.
The currency started growing in 2009 when its implementation was released as open-source
software.Bitcoin is decentralized digital currency,without a central bank or single administrator.
Cryptocurrency transactions are verified through network systems and recorded in a public
distributed ledger that is called a blockchain. The miners have to prove the computation work
they do in order to get awarded the Bitcoin in return. After Bitcoin many cryptocurrencies occur
in the crypto market like Litecoin, Etherium, XRP, dogecoin etc.
Blockchain
Blockchain is a technique to store information and data in a decentralized form.
Information and data stored in blocks. Blocks are divided in three parts Data, Hash and
Hash of the previous block. Data is information that is included by you. Every block has its
own fingerprint called Hash.It is a method for uniquely identifying the Block. Every block of
the blockchain has a stored hash of the previous block.each block is interconnected with each
other.Blockchain is a secure method of storing information and data because it is a
decentralized Network of computers. Every node of the blockchain has a copy of the
transaction.
Miners
Blockchain is managed networks of computers that are called Miners or Nodes.Miners are
verified transactions of blockchains. Privacy of information and data encrypted by Recipient’s
public key and private key.The miners have to verify the transaction they do in order to get
awarded the Bitcoin in return in the case of bitcoin blockchain.
Cryptocurrency Wallets
Cryptocurrency wallets are digital wallets that hold your crypto assets and you can send and
receive your crypto.Two types of crypto wallets Hot Wallet and Cold wallets.Hot wallets are
connected to the internet and cold wallets are not.
Hardware Wallets: Hardware wallet is a very secure wallet. A hardware wallet is a crypto
wallet that stores the user’s private keys in a secure hardware device. Many hardware wallets
are available in the market like Trezor, Ledger
Paper wallet
Paper wallet is a document that has a public and private key written on it in QR Code form.
How Can everyone Earn from Crypto:
Everyone has their own crypto wallet.
Everyone can mine cryptocurrency with their personal Computer using their CPU Hash power
and GPU Hash powers.everyone uses an unmineable platform for mining to cryptocurrency.
Link: https://unmineable.com/
Everyone can earn free cryptocurrency from Faucet websites:
https://freebitco.in/?r=3026142
https://es.btcnewz.com/auth/register?ref=e2b46760cd4c2d3fd0cf
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