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Drawing on these pre-packaged narratives, various 'investment' funds have cropped up like cargo cults, re-packaging white papers from groups like IBM’s 'Institute for Business Value.' It argues that 'enterprises, once constrained by complexity,' can use blockchain to 'scale with impunity.' It sees blockchains as useful for transactions between institutions, promising 'the tightening of trust' and 'super efficiency.' Many of these investment advisors seek to launch individual 'tokens' or 'crypto-assets' for privately-operated networks, designed for niche enterprise 'needs.'ethereum forks bitcoin doubler ubuntu ethereum bitcoin information заработка bitcoin bitcoin weekly bitcoin сайт payable ethereum алгоритм bitcoin ethereum io bitcoin государство bitcoin multisig bitcoin traffic nicehash bitcoin

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This is where the action’s really at. Application Specific Integrated Circuits (ASICs) are specifically designed to do just one thing: mine bitcoins at mind-crushing speeds, with relatively low power consumption. Because these chips have to be designed specifically for that task and then fabricated, they are expensive and time-consuming to produce – but the speeds are stunning. At the time of writing, units are selling with speeds anywhere from 5-500 GH/sec (although actually getting some of them to ship has been a problem). Vendors are already promising ASIC devices with far more power, stretching up into the 2 TH/sec range.Trading is really pretty simple! If you have any questions about buying litecoin, let us know. Our support staff is online all day, every day, ready to help.bitcoin rus p2p bitcoin bitcoin node bitcoin png bitcoin paper daily bitcoin wallets cryptocurrency ethereum cpu bitcoin metal buy ethereum bitcoin обменники bitcoin books bitcoin регистрация forex bitcoin production cryptocurrency ethereum txid metal bitcoin email bitcoin dat bitcoin ethereum кошельки ethereum телеграмм topfan bitcoin cryptocurrency forum 22 bitcoin tether верификация bitcoin андроид bitcoin информация usb tether

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What Are Cryptocoins?
How cryptocurrency works, where to buy it, and which ones to consider
by Brad Stephenson
Updated on August 25, 2019
Digital room with padlock and word blockchain, 3d illustration
Westend61 / Getty Images

Cryptocurrency
What Are Bitcoins?
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Cryptocoins, also called cryptocurrency or crypto, is a form of digital currency powered by blockchain technology. Cryptocoins do not have a physical, real-world equivalent. No physical coins represent cryptocurrency value, although some replicas have been made for promotional purposes or as a visualization tool. Cryptocoins are purely digital.


Bitcoin is the most popular example of a cryptocurrency but there are many more such as Litecoin and Ethereum that are made to rival it or be used in competing markets.

How Many Crypto Currencies Are There?
Hundreds of cryptocurrencies have been created since the debut of Bitcoin in 2009. Some of these have spun-off of the Bitcoin blockchain such as Bitcoin Cash and Bitcoin Gold. Others use the same technology as Bitcoin such as Litecoin, and many more are based on Ethereum or use their own unique programming language.


Like traditional fiat currencies (currency not backed by a physical commodity), some cryptocurrencies are more valuable and practical than others and most have a very limited use case. Given that anyone can create a cryptocurrency, it's likely that most will remain niche while only a few popular cryptocoins will achieve mass adoption through mining or investments and go mainstream.

What's The Most Popular Cryptocoin?
The No. 1 cryptocurrency by ownership, price, and usability is undoubtedly Bitcoin. Bitcoin's popularity is mostly a result of it being the first cryptocoin on the market and its unmistakable brand identity. Everyone's heard of Bitcoin and very few people can name another cryptocurrency. Many online and offline stores accept Bitcoin and it's also accessible via the growing number of Bitcoin ATMs popping up in major cities around the globe.


Major rivals to Bitcoin include coins such as Litecoin, Ethereum, Monero, and Dash while smaller cryptocurrencies like Ripple and OmiseGo also have the potential for larger adoption in the future due to their backing by major financial institutions.

Bitcoin spin-off currencies such as Bitcoin Cash (BCash) and Bitcoin Gold can get a lot of buzz online and their prices can appear impressive but it's unclear if they will have any true lasting power due to the growing perception of these coins as cheap imitations of the main Bitcoin blockchain.

Despite using the Bitcoin name, these coins are very much separate currencies from the main one even though they use similar technology. New investors are often tricked into buying BCash, thinking it's the same as Bitcoin when it's not.



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