Bitcoin Lets go over some of the basics about bitcoin. Cryptocurrency vs Altcoins . The only difference is that cryptocurrency covers all digital currency (Bitcoin and altcoins), while altcoins are alternatives to Bitcoin. Blockchain is a digital ledger where transactions for cryptocurrencies are publicly recorded. The blockchain is stored on nodes, that verify transactions. Bitcoin Mining sounds intense, but only for the computer. When a computer is "mining" it is racing against other miners on the network to solve a mathematical equation and seal the current block. Cryptocurrencies are digital assets that can be bought, sold, traded, transferred (etc) digitally. The network for cryptocurrencies is virtually impossible to hack/manipulate since a dishonest group would have to take control of 51% of the network. The network is huge. Bitoin's network is in exohash sphere. Similar to precious metals, cryptocurrencies can be broken down into smalle...
one (aspiring) monetary economist, his computer, and a cryptominer. noderunner.