Ask Question
BusinessBusiness
5 June, 07:39

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

+4
Answers (1)
  1. 5 June, 10:37
    0
    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.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “describe at least two cryptocurrencies with applicable examples. Discuss some similarities and differences ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
On November 10 of the current year, Flores Mills sold carpet to a customer for $8,000 with credit terms 2/10, n/30. Flores uses the gross method of accounting for cash discounts.
Answers (1)
When preparing the selling and administrative expense budget, there is no need for a merchandising company to separate mixed costs into the fixed and variable components. A. True B. False
Answers (1)
In the context of the Blake/Mouton leadership grid, which of the following is a similarity between leaders using the team management leadership style and leaders using the authority-compliance leadership style? a. Both have a low concern for people.
Answers (1)
Which of the following is NOT one of the functions of the Federal Reserve? Group of answer choices Clearing checks Supervising and regulating banks Printing currency Controlling the money supply
Answers (1)
Bella Donna Company has 100,000 shares of $3 par common stock issued and outstanding as of January 1, 2018. The shares were originally issued for $8 per share.
Answers (1)
New Questions in Business
Determine which of the following countries would be classified as 'growth miracles' or 'growth disasters'.
Answers (1)
The valuation of a common stock today primarily depends on:A, the number of shares outstanding and the number of its shareholders. B. its expected future dividends and its discount rate. Ct Wall Street analysts.
Answers (1)
Consider a bp gas station. as a result of an economic recession and decreases in consumer incomes, there will be a:
Answers (1)
You purchased 600 shares of SLG, Inc. stock at a price of $41.20 a share. You then purchased put options on your shares with a strike price of $45.00 and an option premium of $1.10. At expiration, the stock was selling for $48.30 a share.
Answers (1)
Which of the following statement is true? a. The demand for puma shoes is more elastic than the demand for shoes b. The demand for Cheerios is less elastic than the demand for cereal c. Products with many complements have a more elastic demand d.
Answers (1)
Home » Business » describe at least two cryptocurrencies with applicable examples. Discuss some similarities and differences
Sign Up Forgot Password?