A cryptocurrency (or crypto currency) is a digital asset designed to work as a medium of exchange that uses cryptography to secure its transactions, to control the creation of additional units, and to verify the transfer of assets. Cryptocurrencies are classified as a subset of digital currencies and are also classified as a subset of alternative currencies and virtual currencies.
Bitcoin, created in 2009, was the first decentralized cryptocurrency. Since then, numerous other cryptocurrencies have been created. These are frequently called altcoins, as a blend of alternative coin. Bitcoin and its derivatives use decentralized control as opposed to centralized electronic money and central banking systems. The decentralized control is related to the use of bitcoin’s blockchain transaction database in the role of a distributed ledger.
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In cryptography, scrypt (pronounced “ess crypt”) is a password-based key derivation function created by Colin Percival, originally for the Tarsnap online backup service. The algorithm was specifically designed to make it costly to perform large-scale custom hardware attacks by requiring large amounts of memory. In 2016, the scrypt algorithm was published by IETF as RFC 7914. A simplified version of scrypt is used as a proof-of-work scheme by a number of cryptocurrencies, first implemented by an anonymous programmer called ArtForz in Tenebrix and followed by Fairbrix and Litecoin soon after.
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Uphold (formerly Bitreserve) is a cloud-based digital money platform enabling users to buy, hold, convert and transact across 30+ currencies and commodities, including 6 cryptocurrencies. Uphold members can deposit funds to their account via bank account, credit card (disabled) in addition to cryptocurrencies such as bitcoin, litecoin and ethereum into reserve-backed currencies and commodities allowing anyone with a device to send, receive, and exchange money and commodities. Headquartered in Charleston, South Carolina, with offices in Larkspur, Braga, London, and Shanghai, Uphold allows users to convert bitcoin into “cloud money,” in 30+ currencies (dollars, euros, yen, rupee and others) and 4 precious metals (Gold, Silver, Platinum, and Palladium). The company also has an open API and has stated interest in addressing the remittance market through partnerships with the retail outlet Elektra and the Salinas Group. (Remittances from the US to Mexico alone ran to an estimated $22 billion last year, according to the World Bank.) Though Uphold holds bitcoins as stable, real-world currency, Anthony Watson, the former CEO, has stated it is “not a bitcoin company. In terms of bitcoin’s relevance to us, it is a means to an end.”
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BTC Markets is a large cryptocurrency exchange based in Melbourne,Australia. BTC Markets accepts Australian dollars, Litecoin, and Bitcoin in exchange for Bitcoin, Litecoin, Ethereum, Ethereum Classic, and Ripple. BTC Markets uses various security measures, including know your customer procedures and two-factor authentication.
Unlike most other countries, Australia recognizes bitcoin as money, and so does not tax bitcoin purchase or sale.
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Decred (/ˈdi:ˈkred/, /dɪˈkred/, dee-cred) is an open-source, community-based cryptocurrency, similar to Bitcoin. Decred was launched in February 2016 by the bitcoin developers that engineered btcsuite, an alternative full-node Bitcoin implementation written in the Go (golang) programming language and is used by development projects such as Ethereum, Factom, BitGo, OpenBazaar, and the Lightning Network.
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Bitstamp is a bitcoin exchange based in Luxembourg. It allows trading between USD currency and bitcoin cryptocurrency. It allows USD, EUR, bitcoin, litecoin, ethereum, ripple or bitcoin cash deposits and withdrawals.
The company was founded as a European-focused alternative to then-dominant bitcoin exchange Mt. Gox. While the company trades in US dollars, it allows money to be deposited through the European Union’s Single Euro Payments Area, a convenient way of transferring money between European bank accounts.
Bitstamp offers an API to allow clients to use custom software to access and control their accounts.
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That is a set of cryptocurrencies. The amount of cryptocurrencies available online by 31 Dec 2017 has ended 1381 and growing. A fresh cryptocurrency can be created anytime. By market capitalization, Bitcoin happens to be (2018-01-03) the major blockchain network, accompanied by Ripple, Ethereum, Bitcoin Cash, Cardano, and Litecoin.
Do You Have a Big, Fat, Hairy _____?
This is the ONE thing you must have that makes everything else fall into place.
Here’s a riddle for you:
What one thing MUST you have that gives everything in your life purpose and makes your life far more exciting? And when you don’t have it, everything is dull, boring and monotonous?
Let me put it another way – are you leaping out of bed in the morning, eager to get going?
Are you excited to work 12 hours in a day?
Do you look forward to your future so much, you almost can’t sleep at night?
If not, then you don’t have a big, fat, hairy goal – that one thing you want more than anything else in this world.
This should be a goal that gets you so revved up, you cannot stop thinking about it and working on it. You want to put in long hours and do whatever it takes – no matter how scary or new – to make it happen because it means so much to you.
This goal is your reason for living and because of it you look forward with eager anticipation towards the future.
You’ve heard plenty of stories about overnight successes.
Someone starts a company and BAM! They sell that company for 10 million or maybe 100 million dollars.
And all you can think is, “Wow, I wish I could do that!”
You can. All it takes is several years of working 12 hours a day, 7 days a week on your big hairy goal.
That – believe it or not – is how you become an overnight success.
When you hear about the 7 or 8 figure sale of a new company, what you don’t hear about is the long hours the founder put in to make that company work.
So how can you possible put in such crazy hours? It’s easy, when it’s your big goal. When it’s what you want to do more than anything else, then it becomes as pleasurable to you as hobbies are to other people.
Find your big fat hairy goal, whatever it might be. And then don’t let anything stop you from achieving that goal.
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PotCoin (code: POT) is a peer-to-peer cryptocurrency which exists with the aim of becoming the standard form of payment for the legalized cannabis industry. PotCoin is an open source software project released under the MIT/X11 license and was technically nearly identical to Litecoin until August 23, 2015, when Potcoin changed to POSV similar to Reddcoin. PotCoin is not managed by any central authority and provides a decentralised solution for the transfer of value. As of August 2014, PotCoin has received mainstream media coverage from agencies such as Fox Business, Vice, and TechCrunch.
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This is a list of cryptocurrencies. The number of cryptocurrencies available over the internet as of 31 December 2017 is over 1381 and growing. A new cryptocurrency can be created at any time. By market capitalization, Bitcoin is currently (2018-01-03) the largest blockchain network, followed by Ripple, Ethereum, Bitcoin Cash, Cardano, and Litecoin.
