Cryptocurrency: A digital currency in which transactions are verified and records maintained by a decentralized system using cryptography, rather than by a centralized authorities like banks. It’s peer-to-peer network that enables anyone can send or receive payments from anywhere. Crypto works like Distributed public ledger (blockchain plays the vital role here) which stores all transaction details held by the currency holders. Cryptocurrencies are created through a process called mining, which involves using computer power to solve complicated mathematical problems that generate coins. Blockchain Technology: Blockchain technology is a structure that stores transactional records, also known as the block, of the public in several databases, known as the “chain,” in a network connected through peer-to-peer nodes. It uses Hash function to generate a non-readable and non-understandable value. Hash function: We can send data of any size but the output is fixed. Hash(data) -- > fi...
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