Wednesday, 16 July 2014

Bitcoin pushed other cryptos

We know that crypos, short for cryptography  or what we mean here  is  about crypto- currencies the first is BITCOIN  which pushed other crypto's. But what is crypto- currencies ? 

From Google   A cryptocurrency is a medium of exchange designed around securely exchanging information which is a process made possible by certain principles of cryptography. The first cryptocurrency to be created was Bitcoin in 2009. Since then, numerous cryptocurrencies have been created.

In the history of crypto currencies  the first was Bitcoin , then in April 2011 NAMECOIN   followed bitcoin in an attempt to have a decentralized DNS  which will make internet censorship  very difficult.  Then another coin  is  coin the LITECOIN was introduced the first to use scrypt as hash function instead of SHA- 256 then another was PEERCOIN  which use proof of work and proof of stake hybrid.  

The first cryptos - i knew was BITCOIN  though i knew other crypto- currencies. I  was not interested from other crypto - currencies which i happen to know on EOBOT, my first bitcoin mining site. EOBOT is not only mining bitcoin but all other currencies. Look at this image below for the other crypto- currencies they are generating ; 

Starting with this article about other cryptos ,  i will post not only about bitcoins but other coins or other crypto's  being generated.  But if you want to earn and generate other  crypto's  join me now on EOBOT