Blockchain Technology

12 The Winning Combo

Cryptocurrency and Blockchain

S. Matilda and T. Ananth Kumar

IFET College of Engineering

CONTENTS

12.1    Introduction

12.2    A Little of History: The Ascent of Money

12.3    Money and Its Properties

12.4    Types of Currencies

12.5    Features of Cryptocurrency

12.5.1    Decentralization

12.5.2    Irreversible

12.5.3    Pseudonymous

12.5.4    Fast and Global

12.5.5    Security

12.6    Types of Cryptocurrency

12.6.1    Bitcoin

12.6.2    Ethereum

12.6.3    Litecoin

12.6.4    ZCASH

12.6.5    Ripple

12.6.6    Tether

12.7    Transaction Process Using Blockchain

12.7.1    Open Ledger

12.7.2    Distributed Ledger

12.7.3    Cryptocurrency Mining

12.7.4    Synchronization of Ledgers

12.7.5    Double-Spending Problem Solved by Blockchain ...