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Crypto for short, is a digital currency that is secured by cryptography. It utilizes blockchain technology.
Bitcoin (BTC)
Bitcoin (BTC)
Released on January 3 2009 by Satoshi Nakamoto, it is the oldest surviving and most well-known crypto in the world.
Other well-known coins are Ethereum, Dogecoin, BNB, Solana
Blockchain
Blockchain
Blockchain is a distributed ledger made of linked records (blocks) stored across a network of computers. It is the technology Crypto is built on.
The info stored in one block will be compared to other blocks, possibly thousands. If someone was to change the data on one block, it would be clearly seen as altered when compared with others.
The info stored in one block will be compared to other blocks, possibly thousands. If someone was to change the data on one block, it would be clearly seen as altered when compared with others.
Blockchain Features
Blockchain Features
Transparent
Transparent
All transactions stored are visible, immutable and cannot be censored by anyone.
Secure
Secure
Uses consensus mechanisms to validate new blocks and ensure that all nodes agree on the state of the blockchain. This prevents fraudulent transactions or double-spending.
Decentralized
Decentralized
The network is distributed across numerous computers (nodes) worldwide.There is no single entity in control.
Open Source
Open Source
Many blockchain systems are open source, allowing anyone to inspect the code and verify its security & integrity.
Interesting Transactions
Interesting Transactions
A $0 Transaction
A $0 Transaction
The value of this transaction is $0 yet the transaction fee is $0.98 USD. The account, Circle USDC, receiving this transaction has never received any money yet it has done 46 million transactions.
A Transaction Fee equal to it's Value
A Transaction Fee equal to it's Value
The value of this transaction is the same as it's transaction fee which is $1.68 USD. It looks as if the transaction fee is not worth it.
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