Sunbits

Cryptocurrency is a form of digital money that is secure and anonymous. Cryptocurrencies use decentralised technology to let users make secure payments and store money without the need to use their name or go through a bank. They run on a distributed public ledger called blockchain, which is a record of all transactions updated and held by currency holders. Bitcoins is the first cryptocurrency. A 2008 whitepaper written by the pseudonymous Satoshi Nakamoto introduced the concept of bitcoin, and the design principle behind bitcoin is: A purely peer-to-peer version of electronic cash [which] would allow online payments to be sent directly from one party to another without going through a financial institution An altcoin is any digital cryptocurrency similar to Bitcoin. The term is said to stand for “alternative to Bitcoin” and is used describe any cryptocurrency that is not a Bitcoin. Altcoins are created by diverging from Bitcoin consensus rules (the fundamental rules of the cr