Cryptocurrency Online Bitcoin Mining Website
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- Bitcoin
Bitcoin is created using an open-source programming language known as blockchain technology. Its network is decentralized, meaning no single person or organization controls its creation, which means no central bank regulates it. Bitcoins have a finite number that is capped at 21 million (or four times the current supply). All transactions are recorded online in a public ledger called the blockchain, which cannot be altered retroactively.
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- Ethereum
Ethereum was designed to run smart contracts; programs that automatically execute the terms of the agreement between parties without requiring intervention by a third party. Smart contracts allow two or more agents to autonomously negotiate their contractual terms and obligations by explicitly delineating these in code, removing costly intermediaries from trade. A cryptocurrency, similar to bitcoin, Ethereum enables users to conduct peer-to-peer transactions across networks and computers to transfer funds.
- Ripple
Ripple is a software platform that allows anyone to move money around instantly and for free. Since its inception in 2004, it has been adopted by banks to provide real-time gross settlement services to each other. By eliminating counterparty risk, ripple increases financial inclusion. In addition to payments, the ripple protocol supports exchange trades, securities settlement, and remittances.
- Litecoin
Litecoin is an open-source currency project released under an MIT license. It uses the script algorithm to create blocks instead of SHA256. Other than this change, litecoins are identical to bitcoins, except they use much smaller amounts of memory. As a result, mining bitcoins requires less equipment and electricity.
- Dash
Dash began as Darkcoin before rebranding in mid-2014. It is a fork of bitcoin, with some changes made to make it more secure and faster. The name dash comes from the way both currencies divide themselves into a minute and second denominations. It is considered silver among cryptocurrencies, due to its high transaction capacity and low fees.
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- Dogecoin
Dogecoin is a meme-based cryptocurrency. It started out as a joke and is named after dodge, a dog that appears in internet memes. It was eventually rebranded and relaunched as a legitimate currency. The coin’s creator, Jackson Palmer, came up with the idea following his frustration at seeing bitcoin become increasingly expensive to transact. He thought that he could solve this problem by making a digital currency based off of the Shiba Inu meme.
- Monero
Monero is a pseudonymous cryptocurrency developed fully anonymously and originally aimed at being untraceable. It uses ring signatures to ensure privacy, stealth addresses, and ring confidential transactions to protect users’ coins. The cryptography behind monero makes tracking balances extremely difficult. Users benefit from a variety of features including stealth addresses and ring signatures.
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