Cryptocurrency

Cryptocurrency is a type of digital currency that relies on cryptography and blockchain technology to enable users to send and receive the currency without a trusted third party. The most popular cryptocurrency out there, Bitcoin, works by having numerous computers running a complex math puzzle in order to verify blocks (hence: blockchain) which contain all the new transactions made on the network. Once they do, they get bitcoins as reward, making it lucrative for them to power the network. Since it takes vast computational power to beat all of these computers at math, this makes Bitcoin secure from attackers who would want to falsify transactions. Besides Bitcoin, there are numerous other cryptocurrencies, each with a different goal. Best known among them is Ethereum, which uses similar basic principles as Bitcoin in order to power a network for decentralized applications.

More Cryptocurrency - Page 14

Mastercard will support cryptocurrency payments this year
By Matthew Humphries
Mastercard will support cryptocurrency payments this year





Bitcoin kicked off 2021 by crossing the $30,000 threshold for the first time
Bitcoin kicked off 2021 by crossing the $30,000 threshold for the first time

Bitcoin hits $20,000 for the first time ever
Bitcoin hits $20,000 for the first time ever


Facebook's Libra might launch in January, but there's a catch
Facebook's Libra might launch in January, but there's a catch





'Individual X' stole $1 billion in crypto from Silk Road. U.S. officials just seized it.
'Individual X' stole $1 billion in crypto from Silk Road. U.S. officials just seized it.

Verified 'Elon Musk' Twitter account celebrates election with crypto scam
Verified 'Elon Musk' Twitter account celebrates election with crypto scam

Coinbase launches crypto debit card in the U.S.
Coinbase launches crypto debit card in the U.S.

Not even prison can keep John McAfee from shilling crypto
John McAfee

PayPal to allow customers to buy and sell Bitcoin, Ethereum, and other cryptocurrencies
PayPal to allow customers to buy and sell Bitcoin, Ethereum, and other cryptocurrencies

Noted bath salts fan John McAfee arrested, charged with crypto fraud and tax evasion
Noted bath salts fan John McAfee arrested, charged with crypto fraud and tax evasion




DeFi could become the next big thing in finance
DeFi could become the next big thing in finance

Stephen Colbert roasts Twitter and Jack Dorsey over crypto scam hack
Stephen Colbert roasts Twitter and Jack Dorsey over crypto scam hack

Twitter releases statement about crypto scam hack, keeps affected users locked out
Twitter releases statement about crypto scam hack, keeps affected users locked out

Elon Musk, Barack Obama, Joe Biden accounts push crypto scam after major Twitter hack
Elon Musk, Barack Obama, Joe Biden accounts push crypto scam after major Twitter hack
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