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PREFACE
A cryptocurrency (or crypto currency) is a digital asset designed to work as a medium of exchange using cryptography to secure the transactions, to control the creation of additional
units, and to verify the transfer of assets. Cryptocurrencies are classified as a subset of digital currencies and are also classified as a subset of alternative currencies and virtual currencies.
Bitcoin, created in 2009, was the first decentralized cryptocurrency. Since then, numerous cryptocurrencies have been created. These are frequently called altcoins, as a blend of bitcoin alternative. Bitcoin and its derivatives use decentralized control as opposed to centralized electronic money/central banking systems. The decentralized control is related to the use of bitcoin's blockchain transaction database in the role of a distributed ledger.
CRYPTOSPACE shows you how to earn Bitcoins in 3 ways:
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FAUCETS-Bitcoin faucets are a reward system, in the form of a website or app, that dispenses rewards in the form of a satoshi, which is a hundredth of a millionth BTC, for visitors to claim in exchange for completing a captcha or task as described by the website. There are also faucets that dispense alternative cryptocurrencies.
CRYPTOCURRENCY EXCHANGE-Cryptocurrency exchanges allow you to swap fiat money (dollars, euros, etc.) for cryptocurrency,or cryptocurrency for cryptocurrency.These exchanges are bringing innovation that the traditional financial system has not seen for years.
CRYPTOCURRENCY MINING-In traditional fiat currency systems, government simply prints more money when they need to. But in case of Cryptocurrencies, money isn’t printed at all – it is discovered, it is “Mined”, just like Gold. Computers around the world “Mine” for cryptocurrencies by competing with each other.
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CRYPTOSPACE
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