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One can acquire a cryptocurrency through exchanges found online or trade it for traditional currencies.
As payment for their services, miners are paid physically minted cryptocurrency as fees by vendors or merchants of each transaction.
Blockchain is run by miners, who use powerful computers that tally the transactions. Their function is to update each time a transaction is made and also ensure the authenticity of information.
Every single transaction made and the ownership of every single cryptocurrency in circulation is recorded in the blockchain.
Updated document is distributed and made available to all holders of the cryptocurrency.
A cryptocurrency runs on a blockchain, which is a shared ledger or document duplicated several times across a network of computers.
Bitcoin is a cryptocurrency and worldwide payment system. It is the first decentralized digital currency, as the system works without a central bank or single administrator.
Zcashis the first open, permissionless cryptocurrency that can fully protect the privacy of transactions using zero-knowledge cryptography.
Litecoinis a peer-to-peer cryptocurrency and open source software project released under the MIT/X11 license. Creation and transfer of coins is based on an open source cryptographic protocol and is not managed by any central authority.
Ethereum was proposed in late 2013 by Vitalik Buterin, a cryptocurrency researcher and programmer. Ethereum is an open-source, public, blockchain-based distributed computing platform featuring smart contract functionality. It provides a decentralized Turing-complete virtual machine, the Ethereum Virtual Machine, which can execute scripts using an international network of public nodes.
Dash (formerly known as Darkcoin and XCoin) is an open source peer-to-peer cryptocurrency. It currently offers instant transactions private transactions and operates a self-governing and self-funding model that enables the Dash network to pay individuals and businesses to perform work that adds value to the network.
Monero (XMR) is an open-source cryptocurrency created in April 2014 that focuses on privacy, decentralization, and scalability that runs on Windows, MacOS, Linux, Android, and FreeBSD. Monerouses a public ledger to record transactions while new units are created through a process called mining.