Cryptocurrency

Cryptocurrency is a type of digital currency that relies on cryptography and blockchain technology to enable users to send and receive the currency without a trusted third party. The most popular cryptocurrency out there, Bitcoin, works by having numerous computers running a complex math puzzle in order to verify blocks (hence: blockchain) which contain all the new transactions made on the network. Once they do, they get bitcoins as reward, making it lucrative for them to power the network. Since it takes vast computational power to beat all of these computers at math, this makes Bitcoin secure from attackers who would want to falsify transactions. Besides Bitcoin, there are numerous other cryptocurrencies, each with a different goal. Best known among them is Ethereum, which uses similar basic principles as Bitcoin in order to power a network for decentralized applications.

Cryptocurrency

More Cryptocurrency - Page 29

A dark web marketplace went down, and oh boy did its customers freak out
A dark web marketplace went down, and oh boy did its customers freak out

Alleged hackers behind NotPetya cyberattack demand $260,000 bitcoin ransom
Alleged hackers behind NotPetya cyberattack demand $260,000 bitcoin ransom


At $200 million, Tezos ICO is already the biggest ever, and it's still going strong
At $200 million, Tezos ICO is already the biggest ever, and it's still going strong


Ethereum price drops 20% after a pile of fake and old news reports
Ethereum price drops 20% after a pile of fake and old news reports


This ethereum-based project could change how we think about digital art
This ethereum-based project could change how we think about digital art


This startup used Ethereum to raise $153 million in under three hours
This startup used Ethereum to raise $153 million in under three hours

There's now a crowdfunding campaign to buy stolen hacking tools
There's now a crowdfunding campaign to buy stolen hacking tools




It won't be easy for WannaCry hackers to get their cash
It won't be easy for WannaCry hackers to get their cash


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