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Today there are over types of cryptocurrency available on the internet, from the original Bitcoin to Ethereum and Litecoin. But what is a cryptocurrency and cryptocurrency template? What are Cryptocurrencies or Cryptocurrency Templates? Satoshi Nakatomo, the name given to the unknown founder of Bitcoin, had wanted to establish a digital cash system which did not lie under the control of a central body.

This digital currency allows users to both receive and send money over the internet with no link to a real identity. Cryptocurrencies allow the users to exchange money without the need fort any real-world identity. This is furthered by the fact that, due to the lack of central governing body, cryptocurrencies like Bitcoin do not keep track of users, instead tracking the online addresses where the money is.

How Do They Work? This online currency is protected by cryptography, hence cryptocurrency. This cryptography consists of 2 elements, or keys — one key is public while the other is private. These two keys are used in conjunction with one another, along with a form of mathematics known as public key cryptography, in order to allow the user to send money on the network. These transactions are then recorded on what is known as the blockchain, which documents all exchanges of currency, enabling it to keep record of what Bitcoin belongs to whom.

Bitcoin mining has grown to become the new craze all around the world. Therefore, in this course, we will dive deep into the world of bitcoins and discuss the future of cryptocurrencies as well as the loopholes involved in the circulation of cryptocurrencies. Explore our Software Engineering Courses today. This module will help you understand - What is Bitcoin?.

Bitcoin is a digital currency which is decentralized that you can buy, sell and exchange directly, without any intermediary governing institution. Blockchain Technology In this module, you will understand what powers Bitcoin which is Blockchain Technology. Blockchain acts like a database that stores encrypted blocks of data then links them together to form a chronological single source data.

What is Mining? Bitcoin mining is similar to gold or silver mining but in a digital way. Let us take a look at how Bitcoin mining works.

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