describe at least two cryptocurrencies with applicable examples. Discuss some similarities and differences

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Johan Pearson

Business

22 September, 00:10

describe at least two cryptocurrencies with applicable examples. Discuss some similarities and differences

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Kyleigh Higgins · Answer 1

Crypto currencies are a digital payment instrument. It is about creating a distributed, decentralized and secure digital payment system using cryptographic principles.

Bitcoin is a cryptocurrency, the creation and sharing of which is based on an open source cryptographic protocol and is not centrally based. Bitcoin can be transferred directly from a computer or smartphone without a third party financial institution. The security of Bitcoin transactions is ensured by servers called bitcoin miners. A user may have one or more bitcoin accounts to receive or transfer bitcoins to another account. Your Bitcoin account can be online or downloaded to your computer by downloading a program called a "digital wallet". The Bitcoin account consists of 33 characters, and the account number starts with 1 or 3.

Counos is a type of cryptocurrency similar to Bitcoin. This digital currency is based on a user-friendly peer-to-peer payment network. In this cryptocurrency type, a clean consecutive version of the electronic payment system for the creation and transfer of coins based on an open-source cryptographic protocol is occurring. This type cryptocurrency is a complex combination of privacy policy, bank regulation and technological innovations. There are some definitions in the Counas cryptocurrency. These include:

1) Counos Coin

This type of electronic coin is the same algorithm as the Bitcoin algorithm and can be issued for 16,800,000 coins and the alpha can produce the rest of the last 21,000,000 coins.

2) Counos Cash

Counos Cryptocurrency CSC was released by Int. GmbH Forks on July 30, 2018 through an open-source client on the ICO Lister website. The fixed price of the Swiss franc and the company itself, the sale of which is confronted with market prices or price reductions, is a signal of remittances and sales of goods and sales. This single currency has the same algorithm as the Counos Coin and is worth all 21 million coins and is equivalent to one gram of gold coin in the Swiss box as a support for the controlled person. The minimum price of this coin is 1 gram of gold and is practically copied without gold being converted into digital currency.