Cryptocurrency & Blockchain
Today we have a look at what is a cryptocurrency, what blockchain is, how does it link to a cryptocurrency! So let's dive straight into cryptocurrency and see what it is! Very well defined at Wikipedia " A cryptocurrency is a digital asset designed to work as a medium of exchange that uses strong cryptography to secure financial transactions, control the creation of additional units, and verify the transfer of assets.", but is it actually is in even simpler language "A cryptocurrency is a digital currency that is created and managed through the use of advanced encryption techniques." A few keywords that you might need to know when talking about cryptocurrency are as follows: Wallet - a place to store your cryptocurrency credentials: namely your private key Private key - a 256-bit number, expressed as a hexadecimal Eg: 9873D79C6D87DC0FB6A5778633389F4453213303DA61F20BD67FC233AA3326 When people say that they have lost their cryptocurrency(say Bi