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Cryptocurrency

Cryptocurrency

A cryptocurrency (or crypto currency) is a digital asset designed to work as a medium of exchange using cryptography to secure the transactions and to control the creation of additional units of the currency. Cryptocurrencies are a subset of alternative currencies, or specifically of digital currencies.

Bitcoin became the first decentralized cryptocurrency in 2009. Since then, numerous cryptocurrencies have been created. These are frequently called altcoins, as a blend of bitcoin alternative. Bitcoin and its derivatives use decentralized control as opposed to centralized electronic money/centralized banking systems. The decentralized control is related to the use of bitcoin's blockchain transaction database in the role of a distributed ledger.

List of cryptocurrencies

Timeline

January 1, 2009
Bitcoin's open source code was released
August 19, 2008
The domain Bitcoin.org was registered

Further Resources

Title
Author
Link
Type
Date

An Analysis of the Cryptocurrency Industry

Ryan Farell

Academic paper

An Intro to Crypto: Building Blocks

Web

Cryptocurrencies, app coins, and investing in protocols

Olaf Carson-Wee, Chris Dixon, and Sonal Chokshi

Decrypting Crypto, From Bitcoin and Blockchain to ICOs

Web

Fat Protocols

Joel Monegro

News

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Title
Author
Date
Publisher
Description
James Bickerton
September 24, 2021
Express.co.uk
CHINA has announced a complete ban on all cryptocurrency related financial transactions, sparking fears about the value of multiple virtual currencies.
Ax Sharma
September 17, 2021
Ars Technica
SushiSwap's MISO launchpad hacked via a malicious GitHub commit.
August 29, 2021
Moneycontrol
Bitcoin's price is currently $49,357.13 and its dominance is currently 43.74 percent, a decrease of 0.02 percent over the day.
Mark Oldacres
August 25, 2021
Express.co.uk
PAYPAL has launched a cryptocurrency service, allowing users to buy, hold and sell Bitcoin and other digital currencies.
August 21, 2021
https://www.outlookindia.com/
Burning coins essentially eliminates them from their available supply, and raises their relative scarcity
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