ALTCOINS - MEDIUM OF EXCHANGE - SHA-256 - APPLICATION SPECIFIC INTEGRATED CIRCUIT (ASIC) -

rstracer (48)in #steem • 6 years ago


ALTCOINS	these concern all coins that came after the initial release of the famous bitcoin, the first decentralized cryptocurrency. a name coined as the merger of the words bitcoin & alternative. ^{Source + Source}
MEDIUM OF EXCHANGE	fiat currencies are the generally accepted mediums of exchange. their most important and essential function is to provide a measure of value. is an intermediary used in trade to avoid the inconveniences of a pure barter system. ^{Source + Source}
SHA-256	a chip created for mining data blocks. a specific computer chip which has been created for the sole purpose of. ^{Source + Source}
APPLICATION SPECIFIC INTEGRATED CIRCUIT (ASIC)	it uses a lot of computing power and processing time, forcing miners to form mining pools to capture gains. sha-256 is a cryptographic algorithm used by cryptocurrencies such as bitcoin. ^{Source + Source}


ALTCOINS	these concern all coins that came after the initial release of the famous bitcoin, the first decentralized cryptocurrency. a name coined as the merger of the words bitcoin & alternative. ^{Source + Source}
MEDIUM OF EXCHANGE	fiat currencies are the generally accepted mediums of exchange. their most important and essential function is to provide a measure of value. is an intermediary used in trade to avoid the inconveniences of a pure barter system. ^{Source + Source}
SHA-256	it uses a lot of computing power and processing time, forcing miners to form mining pools to capture gains. sha-256 is a cryptographic algorithm used by cryptocurrencies such as bitcoin. ^{Source + Source}
APPLICATION SPECIFIC INTEGRATED CIRCUIT (ASIC)	a chip created for mining data blocks. a specific computer chip which has been created for the sole purpose of. ^{Source + Source}

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