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Cryptocurrencies

Cryptocurrency

Digital currency - the money of the future

In 2008 the first free, independant and digital currency was created. The new currency Bitcoin was launched. Because of the implemented cryptographic technologies this new type of currency was describes as cryptocurrency. A cryptocurrency is defined by a numeric system, generated by a mathematical algorithm. 

Each unit of a cryptocurrency, a coin, is therefore defined by this numeric code. The numeric code is a kind of DANN of the coin. The more coins are generated the more complex the numeric code will get and by this the computer runs will take more time and will get more expensive.

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