CRYPTONES FOR BEGINNERS

in #cryptones7 years ago

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The world of cryptomonedas is marking the beginning of a new digital financial generation for such reason it is important to know some key points to start this journey by the virtual currencies. The first thing we should know is the term "blockchain" technology, or "block chain" is a technology whose principle is to change forever our relationship with the digital world.

A block chain is essentially just a record, a ledger of digital events that is distributed or shared among many different parties. It can only be updated based on the consensus of the majority of system participants and, once introduced, the information can never be deleted. The block chain is a record of all the transactions that take place enclosed in blocks that the miners verify. Later they will be included in the chain once validated and distributed to all the nodes that form the network.

The main cryptomoneda is the bitcoin, which was created in 2009 by Satoshi Nakamoto, a pseudonym assumed by the group or creator of the technology which is a digital decentralized currency that is created, transferred and stored electronically and protected Cryptographically. It could be said that it is digital cash. Bitcoin has a higher value this makes it the main currency when we think of digital coins. But it is necessary to note that the other criptomonedas have the same utility with a lower value, which you can change your money for them and use them to make transactions.

Like this one there are many other currencies which can follow by the different pages of purchase and registry of criptomonedas in which they will be able to observe its graphs and to follow up continuously of the same, when they rise, lower, maintain and investigate that factors affect its development And projects.

The criptomonedas can be generated in different ways, the best known is the mining, but now the miners get the bitcoins as a reward for solving a mathematical problem in which every 10 minutes competing thousands of nodes being the most powerful computer network today In day it exists; The job of the miners is to confirm these transactions and write them in the block chain "blockchain"

In the next post will deepen a little more the subject and enter into matter with mining, I hope to have provided important information so that they know of this wonderful world

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that's a pretty helpful post thanks a lot for sharing and keep on posting ;)

Well writen im 2aiting for the next one havent learn alot since im here since mid june but im all ears for the part2.

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