What Is Cryptocurrency? Beginners Guide | ValiantMarkets

CryptoCurrency What is a cryptocurrency? A cryptocurrency is a relatively new type of digital cash that is produced by computers. It emulates the familiar features of traditional currencies, but uses an entirely different set of rules to establish consensus regarding the distribution and control of assets. Working of a distributed ledger Users initiate transactions using their digital signatures. Users send their transactions to nodes www via broadcast. One or more nodes begin validating each transaction. Nodes aggregate validating transactions into blocks. Nodes Braodcast www blocks To each other The Consensus Protocol was used. The block reflecting the "true state" is chained to the prior block. Valiant Markets www.valiantmarkets.com