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Cryptocurrency IEEE (Abstract)

Cryptocurrency is a digital asset designed to work as a medium of exchange using cryptography to securely facilitate transactions and control the creation of additional currency units. Many cryptocurrencies have been created since Bitcoin became the first decentralized cryptocurrency in 2009, and they use decentralized control related to Bitcoin's transaction database. The legal status of cryptocurrencies varies widely between countries and remains undefined or changing in many jurisdictions.

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Sharath Kumar KR
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1K views1 page

Cryptocurrency IEEE (Abstract)

Cryptocurrency is a digital asset designed to work as a medium of exchange using cryptography to securely facilitate transactions and control the creation of additional currency units. Many cryptocurrencies have been created since Bitcoin became the first decentralized cryptocurrency in 2009, and they use decentralized control related to Bitcoin's transaction database. The legal status of cryptocurrencies varies widely between countries and remains undefined or changing in many jurisdictions.

Uploaded by

Sharath Kumar KR
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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CRYPTOCURRENCY

SHARATHKUMAR KR
4SN16CS083
III CS B
Abstract
A cryptocurrency is a digital been created. These are frequently
asset designed to work as a medium called altcoins. These use a
of exchange using cryptography to decentralized control which is related
secure the transactions and to control to the use of bit coins transaction
the creation of additional units of the database. The legal status of
currency. Cryptocurrencies are cryptocurrencies varies substantially
classified as a subset of digital from country to country and is still
currencies and are also classified as a undefined or changing in many of
subset under alternative them. Cryptocurrencies use various
currencies and virtual currencies. Bit timestamping schemes to avoid the
coin became the first decentralized need for a trusted third party to
cryptocurrency in 2009. Since then, timestamp transactions added to the
numerous crypto currencies have blockchain ledger.

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