What is cryptocurrency ?
Cryptocurrency is digital asset which uses cryptography to secure its transactions, to control the creation of additional units, and to verify the transfer asset. Cryptocurrencies are also called digital currencies, alternative currencies and virtual currencies.
What is Bitcoin ?
Bitcoin is most popular digital currency. It was invented by unknown software developer name Satoshi Nakamoto in 2008. The idea was to produce a means of exchange, independent of any central authority, that could be transferred electronically in a secure, verifiable and immutable way. Decentralized currency called bitcoin can be transfer to any one around the globe for payment, goods purchasing and other purpose.
Bitcoin has a limited supply as there will be only 21 million bitcoin that will in circulation in market.
What is Mining ?
Mining is a process by which Cryptocurrency (bitcoin) transactions are verified and added to the public ledger, known as the blockchain, and new bitcoin are released. Any one can mine which he/she having good hardware can mine bitcoin and other cryptocurrency. Most of the miner use high-end graphics card which are available in market. miner get reward by mining every block transaction.
Graphics card are used for solving mathematical puzzle which are complex and more power.
Mining Start from the small bit of bitcoin called Satoshi, fraction of bitcoin which is a one hundred millionth of a single bitcoin (0.00000001 BTC).
