Money Talk

How does blockchain work in crypto-currencies?

Submitted by gunsnninjas, , Thread ID: 126280

Thread Closed
29-03-2019, 12:29 AM
#1
I need help in understanding the concept of blockchain.

RE: How does blockchain work in crypto-currencies?

This post was last modified: 31-03-2019, 04:37 PM by rezasnf
#2
Blockchain is the technology that enables the existence of cryptocurrency (among other things). ... A cryptocurrency is a medium of exchange, such as the US dollar, but is digital and uses encryption techniques to control the creation of monetary units and to verify the transfer of funds.

One of the most important things you will need before using any kind of Bitcoin mining software is a wallet. ... Ledger Nano S Secure Bitcoin hardware wallet for all platforms. Electrum Simple Bitcoin wallet that works on Mac, Windows, and Linux. Samourai Wallet The most popular Bitcoin wallet on Android.

RE: How does blockchain work in crypto-currencies?

#3
Blockchain is a technology by which people can create useful software and systems.Crypto Currencies are one of the useful things created through block chain

RE: How does blockchain work in crypto-currencies?

#4
A transaction is a transfer of value between Bitcoin wallets that gets included in the block chain. Bitcoin wallets keep a secret piece of data called a private key or seed, which is used to sign transactions, providing a mathematical proof that they have come from the owner of the wallet

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