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Informational details about bitcoin mining:
What is Cryptocurrency?
Most people are quite familiar Bitcoins and what their value is! But what are Bitcoins? Well, it’s a form of digital cash or to be more precise it is a Cryptocurrency. So suppose that you are planning tax evasion or in simple words you are planning to hide your assets from the Government or your spouse, then Bitcoins or Cryptocurrency is the answer.
Apart from these there are lots of other applications of Bitcoins or Cryptocurrency. We will be discussing all those here in this post. We hope that the provided information will be of help to you. So check them out down below. Let’s start with the primary question.
Cryptocurrency is basically a digital asset that works as a medium of exchange using Cryptograph for secure transactions. Cryptocurrency also helps us in verifying the transfer of assets and to create additional assets.
To put it in plain and simple words, Cryptocurrency is digital cash which you can use for various purposes. We will get to that later in this post.
Satoshi Nakamoto is the person who first created Bitcoins or you can say that he created the first digital cash or Cryptocurrency. After that new forms of digital cash started popping up and later they were named as Cryptocurrency. And still Satoshi Nakamoto is regarded as the creator of Cryptocurrency.
The first Cryptocurrency was created in 2009 which was Bitcoins. An after that new Cryptocurrencies got introduced in the market and were taken off the market. But Bitcoins are still kicking and it is been said that they will still be here for years to come.