Cryptocurrency, Bitcoin, Blockchain Defined by @alihassnain 24/04/2021

Hello friends, I hope you are all well. Today I will tell you about cryptocurrency. What is it called? Corrupt currency is a computer that is created with the help of computer and it uses cryptography. A system that guarantees its security or transparency needs a computer network and does not require any bank or institution.
Its system is decentralized, meaning it has no center and therefore cannot be stopped. To stop this system, all the computers in the currency network must be stopped, and this process is not usually possible. Neither the institution nor any government can control or impose any tax on it.
This currency is made by the computer itself but after going through some difficult calculation process i.e. every computer has to solve a difficult question and it is rewarded in the form of currency for solving it gradually when more computers are included in the network. If there is, then the power of the network increases and then the automated system of the network makes the calculation process difficult and we call it network difficulty. When this difficulty increases then this calculation process is beyond the reach of a computer. And then there is the need to create a mining pool where all the computers work together and calculate how each computer gets paid for its work that works in the pool and this is the compensation for that computer. It is given according to the power, that is, as much as it would have helped to solve this calculation.
The computers that do the mining are called miners and the miner's job is not only to create currency but also to know the security of the network and to help the currency to be transferred from one computer to another and to keep an account or record. If there is no miner in the network, the currency cannot be transferred from the computer to another and the network will not be secure. The result is that the currency will be considered dead due to the miner keeping the network secure and helping the currency exchange.

What is Blockchain ?
Just like a bank account register page, an account page of the same currency is called a block and there is a closing time and it is called a block time. When that page is closed, all transactions reach their destination. The time of the bitcoin is 10 minutes. As the blocks are formed, they are interconnected and form a series called blockchain.

What is a bitcoin ?
The first cryptocurrency is the bitcoin and it is very popular. It was created in 2009 by an anonymous person, Satoshi Nakamoto, whose real name is not, and gradually became popular, and in 2013 the value of a bitcoin reached 242 dollar at the time of writing. The price of a bitcoin is 266 dollar. After the popularity of bitcoin, a lot of corrupt currencies were born and some of them became popular like light coins, peercoin, namecoin.
What is the future of cryptocurrency ?
As bitcoins and other currencies are gaining popularity in Europe and developed countries today and thousands of traders are transacting in them, this place will become popular in the future and we will use our mobile or computer instead of going to the bank. Any shops from will be able to transfer money to this person and online business in particular will depend on the corrupt currency.