So, How many of you believe that old is gold?
We have heard when we water Roots water automatically sent to entire plant Right same saying goes with first and foremost Cryptocurrency i.e Bitcoin
In this post we will discuss about type of Cryptocurrencies available till 2020. A quick image below justifies same:
Till this date, we all don’t know who is Satoshi Nakamoto, but recent news says he might be Born on 10 April or October.
What is Cryptocurrency?
Crypto-currency is a new form of digital currency and identified by the wallet address.
They can be used to purchase some goods and services (including at WordPress.com), but also to “tip” others online – sending a few digital coins is a fun way to thank someone for a job well done, or simply to show that you appreciated a good joke or astute comment.
So let’s discuss about some of the Crypto currencies. Some of the names include:
In this Post, we will discuss about TRON and Bitcoin only;
- Bitcoin (BTC) was the first cryptocurrency to be created and remains the world’s leading Cryptocurrency by market cap. Bitcoin is a global peer-to-peer electronic payment system that allows parties to transact directly with each other without the need for an intermediary such as a bank.
The Bitcoin whitepaper, which outlined how this revolutionary new currency would work, was released in 2008, and the Bitcoin network launched in 2009. Since its launch Bitcoin has experienced no downtime, allowing anyone to transfer value at any time and from anywhere.
- TRON was founded in September 2017 by a Singapore based non-profit organization called the Tron Foundation. It is headed by CEO Justin Sun and has a dedicated in-house development team that includes renowned technology stalwarts. This article explores the Tron network, its workings, and it is Cryptocurrency Tronix (TRX).
High level Overview of Bitcoin Purchase
Eliminate the Middle Man
By using the features of the Blockchain and peer-to-peer (P2P) network technology, Tron attempts to bridge the gap between content creators and content consumers by eliminating the middleman. The result is an overall cost reduction for the consumer and improved collection through direct receipts for the content producer, which offers a win-win situation.
To draw an analogy with a real-world application, consider Netflix, which operates a Digital Entertainment service offering on-demand content. A single organization controls the services in a centralized manner.
One may need to subscribe and pay Netflix to watch a particular on-demand movie that may have been produced by a group of budding enthusiasts who are hosting it on the Netflix platform.
From the fee charged to the subscriber, Netflix takes a cut for hosting the movie on its platform and pays the remainder to producers. Often, the lion’s share is taken by the middleman.
We can get the updates of market here regarding all these currencies.