What is Cryptocurrency?
- A Digital Asset.
- Based on Blockchain Technology.
A perfect block diagram for explaining the workings of cryptocurrency at a very basic level.
What makes cryptocurrency special?
- Little to no transaction cost.
- 24/7 access to money.
- No limits to purchases & withdrawals.
- Freedom for anyone to use.
- International transactions are faster.
- Includes solving complex problems.
- Method of validating transactions.
- Protects transaction data through encryption.
- Store data in a decentralized manner.
Methods to mine cryptocurrency.
- Cloud Mining.
- CPU Mining.
- GPU Mining.
- ASIC Mining.
The best method to mine cryptocurrency.
- Easy to use.
- Better hash rate.
- High payout.