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An A-Z of Cryptocurrency – W is for Wallet

Ripple | Magazine

A cryptocurrency wallet is a software program that stores private and public keys and interacts with various blockchain to enable users to send and receive digital currency and monitor their balance. If you want to use Bitcoin or any other cryptocurrency, you will need to have a digital wallet.

An A-Z of Cryptocurrency – U is for Ubiq

Ubiq | Magazine

Ubiq (UBQ) is an open-source, public, blockchain-based distributed computing platform featuring smart contract (scripting) functionality. The Ubiq network provides a stable blockchain to host an Ethereum Virtual Machine, integrating a decentralized Turing-complete virtual machine that allows for the creation of contracts and tokens. It provides a value token called "Ubiq (UBQ)", which was generated by transferring the value of a three-year old

An A-Z of Cryptocurrency – R is for Ripple

Ripple | Magazine

Ripple is a real-time gross settlement system (RTGS), currency exchange and remittance network by Ripple. Also called the Ripple Transaction Protocol (RTXP) or Ripple protocol,  it is built upon a distributed open source Internet protocol, consensus ledger and native cryptocurrency called XRP (ripples). Released in 2012, Ripple purports to enable "secure, instantly and nearly free global financial transactions of any size with no chargebacks." It supports tokens representing fiat currency, cryptocurrency, commodity or

An A-Z of Cryoptocurrency – S is for Satoshi Nakamoto

Genesis Bock | Magazine

Satoshi Nakamoto is the name used by the unknown person or people who designed bitcoin and created its original reference implementation. As part of the implementation, they also devised the first blockchain database. In the process they were the first to solve the double-spending problem for digital currency. They were active in the development of bitcoin up until December 2010.

An A-Z of Cryptocurrency – P is for Peer to Peer

Crypto-Currency Special | Magazine

Blockchain technology is based upon a distributed ledger system, which relies principally on a Peer to Peer (P2P) network for validating new blocks. P2P as a definition refers to the decentralized interactions between two parties or more in a highly-interconnected network. Participants of a P2P network deal directly with each

An A-Z of Cryptocurrency – M is for Mining

Crypto Farm | Magazine

Mining is the act of validating blockchain transactions. The necessity of validation warrants an incentive for the miners, usually in the form of coins. With the current boom in cryptocurrency, mining can be a lucrative business when done properly - however it is important to consider the hardware and energy costs