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Chapter Twelve: Cryptocurrencies^☆

Shubhani Aggarwal; Neeraj Kumar Thapar Institute of Engineering & Technology, Patiala, Punjab, India

Abstract

A cryptocurrency is a digital or virtual currency, which is secured by cryptography that makes it impossible to double-spend on a distributed network. There are more than 1600 cryptocurrencies present in today's world that can be used for making payment transactions. Some cryptocurrencies like bitcoin, bitcoin cash, LTC, LINK, tether, etc. are based on decentralized networks like blockchain technology, which is a distributed ledger imposed by distinct nodes of the network. A blockchain behind cryptocurrencies is a public ledger, which is used to store the history of every transaction that cannot ...

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