Stellar can handle exchanges between fiat-based currencies and between cryptocurrencies. Stellar aims to help facilitate cross-asset transfer of value at a fraction of a penny while aiming to be an open financial system that gives people of all income levels access to low-cost financial services.
Introduced as a "joke currency" on 6 December 2013, Dogecoin quickly developed its own online community and reached a capitalization of US$60 million in January 2014. Dogecoin is a cryptocurrency based on the popular "Doge" Internet meme and features a Shiba Inu on its logo.
The cryptocurrency then took off with the innovation of the turing-complete smart contract by Ethereum which led to the development of other amazing projects such as EOS, Tron, and even crypto-collectibles such as CryptoKitties.
Miners today are mining Bitcoin using ASIC chip dedicated to only mining Bitcoin, and the hash rate has shot up to peta hashes.īeing the first successful online cryptography currency, Bitcoin has inspired other alternative currencies such as Litecoin, Peercoin, Primecoin, and so on. Bitcoin uses the SHA-256 hashing algorithm with an average transaction confirmation time of 10 minutes. It is a decentralized peer-to-peer internet currency making mobile payment easy, very low transaction fees, protects your identity, and it works anywhere all the time with no central authority and banks.īitcoin is designed to have only 21 million BTC ever created, thus making it a deflationary currency. The idea was to produce a means of exchange, independent of any central authority, that could be transferred electronically in a secure, verifiable and immutable way.
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The source code is available publicly as an open source project, anybody can look at it and be part of the developmental process.īitcoin is changing the way we see money as we speak. It was created by an anonymous individual/group under the name, Satoshi Nakamoto.