{"id":789,"date":"2019-04-20T14:45:58","date_gmt":"2019-04-20T09:15:58","guid":{"rendered":"https:\/\/hostmayo.com\/blog\/?p=789"},"modified":"2019-04-20T15:04:07","modified_gmt":"2019-04-20T09:34:07","slug":"a-basic-intro-to-cryptocurrencies","status":"publish","type":"post","link":"https:\/\/hostmayo.com\/blog\/a-basic-intro-to-cryptocurrencies\/","title":{"rendered":"A Basic Intro to Cryptocurrencies"},"content":{"rendered":"\n<p>The increased use of virtual currency and its volatility has made cryptocurrencies to get adopted across the world for various transactions for both legal and illegal activities. The existence and credibility of these cryptocurrencies was always questionable, though they had earned returns from the investments. Cryptocurrency known as a digital and virtual currency uses cryptography for its security. Cryptocurrencies are just like any other digital currency except that they are normally referred to the ones using block chain technology. You google more about block chain. For sake of basic intro, its a digital ledger which keep records of all the transactions taking place. <\/p>\n\n\n\n<p>Irrespective of the\nissues in cryptocurrencies, success of Bitcoin and its growing visibility has\nresulted in a number of companies accepting alternative crypto coins. This\ndigital asset is developed to work as the medium of exchange which uses\ncryptography to secure transactions, to control the created units, and to\nverify the assets transfer. This security feature makes it difficult to\ncounterfeit the cryptocurrencies. The defining feature and the most endearing\nallure of cryptocurrency is its organic nature, which is not controlled by any central\nauthority and is immune to the government interference and its manipulations.<\/p>\n\n\n\n<p>The cryptocurrencies\nare decentralized control which is opposed by the central electronic systems\nand the central banking systems, this decentralized control works through a\nblockchain, which is a distributed ledger of public transaction database. The\nanonymous feature of the crypto transactions make it well suited host for\nnefarious activities, such as tax evasion and money laundering.<\/p>\n\n\n\n<p><strong>Bitcoin <\/strong>was the first cryptocurrency to capture the public imagination, which was launched by Satoshi Nakamoto in the year 2009. The success of Bitcoin has given birth to a number of competing crypto coins such as the Litecoin, Ethereum, Ripple and many. The market capitalization is the value of the crytpocoin units that are for sale in the cryptomarket.&nbsp; This act as a strong indicator of demand on these altcoins which shows how much amount of money that has been invested for a particular altcoin and its applications in the market.<\/p>\n\n\n\n<p>Now, we have an\ninteresting infographic on &#8211; 33 Cryptocurrencies described in four words or\nless by our friends at <a href=\"https:\/\/mrbtc.org\/\">Mrbtc.org<\/a>, please check\nthe following infographic and share your thoughts.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"1010\" height=\"20750\" src=\"https:\/\/hostmayo.com\/blog\/wp-content\/uploads\/2019\/04\/33-Cryptocurrencies-min.png\" alt=\"33 Cryptocurrencies\" class=\"wp-image-795\" srcset=\"https:\/\/hostmayo.com\/blog\/wp-content\/uploads\/2019\/04\/33-Cryptocurrencies-min.png 1010w, https:\/\/hostmayo.com\/blog\/wp-content\/uploads\/2019\/04\/33-Cryptocurrencies-min-768x15778.png 768w\" sizes=\"auto, (max-width: 1010px) 100vw, 1010px\" \/><\/figure>\n\n\n\n<p>We would also like to bring in your notice that Host Mayo supports payment through 17 different crypto currencies covering all the major digital currencies including BTC, NEO, TRON, MONERO etc. For full list of accepted cyrptocurrencies go to our <a href=\"https:\/\/hostmayo.com\/payment_methods\">payment methods page. <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The increased use of virtual currency and its volatility has made cryptocurrencies to get adopted across the world for various transactions for both legal and [&hellip;] <span class=\"read-more-link\"><a class=\"read-more\" href=\"https:\/\/hostmayo.com\/blog\/a-basic-intro-to-cryptocurrencies\/\">Read More<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":795,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_bbp_topic_count":0,"_bbp_reply_count":0,"_bbp_total_topic_count":0,"_bbp_total_reply_count":0,"_bbp_voice_count":0,"_bbp_anonymous_reply_count":0,"_bbp_topic_count_hidden":0,"_bbp_reply_count_hidden":0,"_bbp_forum_subforum_count":0,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-789","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>A Basic Intro to Cryptocurrencies<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/hostmayo.com\/blog\/a-basic-intro-to-cryptocurrencies\/\" \/>\n<meta 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