”a digital currency or decentralized system of exchange that uses advanced cryptography for security.”
cryptocurrency. (n.d.). Dictionary.com Unabridged. Retrieved November 16, 2020 from Dictionary.com website http://www.dictionary.com/browse/cryptocurrency
Block Chain Technology
A block chain is a continuously growing list of blocks which are interrelated and secured using cryptography. Each block in the chain contains a pointer to a previous block, a timestamp, and transaction data. The timestamp stores data including the time of creation and modification to a block within the chain. Validating new blocks within the block chain is typically managed by a peer-to-peer network. Essentially, mining is validating new blocks within the chain managed by mining pools. Once a timestamp is created, data within any given block cannot be modified without modification of all blocks before it within the block chain. Block chain technology may offer real world applications. For example, hospitals could potentially use a block chain to store medical records of patients with assurance of the security block chain technology offers.
Cryptohappening is an automated news aggregation service and blog that helps people stay up to date with top cryptocurrency news sources as well as what is trending on social media. All copyrights belong to their respective owners. Text owned by copyright holders are used in reference to and promotion of those respective parties. If you have a news source you would like to be added, feel free to contact us with your request.
Cryptocurrency data for this website is retrieved from CoinGecko and Bittrex api’s: