what is bitcoin|what is pi|how to earn cryptocurrency free
Welcome to Cryptotutorial website Today we will talk about Cryptocurrencies and
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what is pi-network how to earn money from pi for free
now earn cryptocurrency
name is pi-network
this new project site by some countries
worth of pi network (cryptocurrency)
PI Price
PI Price $0.00816877
24h Low / 24h High $0.00781606 / $0.00832222
7d Low / 7d High $0.00798999 / $0.00904690
Market Cap Rank #573
All-Time High $0.919666 -99.1% Jul 17, 2018 (over 2 years)
Can I buy Pi Cryptocurrency?
You don’t have to shell out additional money for purchasing hardware for Pi. You only need your mobile phone to mine. On the other hand, Bitcoin does requires some initial investment in hardware to mine.
Is Pi network fake? invitation code: sohailwisal
Pi Network is definitely legit, you can be a pioneer if you start mining today (2021). The greatest thing about it is that you can mine from your phone and it would not even affect your phone’s performance, won’t drain battery, and also would not Use your network data.
how many user of pi invitation code: sohailwisal
Though it began just this year, the Pi Network already has more than 20000000 users, and it aims to be accessible to everyone with a smartphone.
PI Network
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if you want to understand what is cryptocurrency?
When and who cryptocurrency created?
What was the purpose of making and who cryptocurrencies provide you benefits?
so Read this helpful article till the end because today in them going to talk about these things. so dear world let’s start.
dear world first we have to understand the term cryptocurrency!
so the word cryptocurrency is made up of two words “Crypto” and “Currency” crypto word is taken from cryptography now
what is cryptography?
friends cryptography is a kind of technology on which you can transfer your data from one place to another place very securely. now, what is the meaning of securely transfer so dear reader, securely transfer means that if you relate this with your real-life then suppose if you have one file with some important data and now you want to send those important data to your friend and no one else can see those data then what will you do in this case obviously you protect it with passwords and send to your friend and you also have to tell the password to your friend then, in this case, your friend open file with a password and use the data?
So this concept is used in cryptography. so Here your data is a transfer from one place to another place in encrypted form and only that person can read data for those it sent for to read those encrypted data there is a requirement of a secret key is also known as a “decryption key”. Now one question arises in your mind that
what is “Encryption” and “Decryption”?
So friends when we convert our data into secret and unreadable codes then this process is known as Encryption and this unreadable code is only understandable by machine and a person who have the decryption key. and decryption is a process in which unreadable codes are converted into readable codes and for this process, the decryption key is required. so there reader this all about crypto meaning now we come to currency meaning than in the simple term, we can say that currency is only a medium through which we can fulfill our needs and services. For example, suppose you have 100 rs note and that time you are hungry or you have to go somewhere then, in that case, what will you do? you can eat your 100 rs note and finish your hunger or you can seat on your note and travel from one place to another So friend obviously you are not going to do this kind of work. If you are hungry then you can purchase food by 100 rs note if you want to go anywhere then you can purchase a ticket from that 100 rs note. so through this, we can understand that currency is only a medium through which we can fulfill our needs, any requirements, etc. So we can join
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what is bitcoin
In this article we’ll talk about the coin that started it all. The king of crypto. The coin that for many people is synonymous to cryptocurrencies: Bitcoin. Bitcoin. Bitcoin So, without much ado, let’s dive into our brief history of Bitcoin. It all started soon after the financial crisis of 2008 when on October 31st the now famous whitepaper “Bitcoin: A Peer-to-Peer Electronic Cash System” was shared on a cryptography forum by Satoshi Nakamoto, as an answer to the shortcomings of the traditional, fractional financial system that had led to the crisis The problem with electronic payments in the past is the risk of the same money being spent twice, this is called double spending. The issue was the inability to verify whether a digital currency has been spent more than once. The only solution that existed up to that point, was to have a “trusted” third-party entity that verified all transactions, like a central bank. But the experience of 2008 had shown that these “trusted” entities don’t always work in the best interest of the people whose money they handled. Satoshi solved the double-spending problem using cryptography, proof-of-work and a decentralized, peer-to-peer network of nodes that validate transactions and transferred the ownership of wealth to each person’s hands. What a brilliant idea! What Satoshi proposed was that transactions would be added to blocks of data, each with a timestamp of the time of creation, and each new block would be added after the previous one and would be cryptographically related to it, so that if one block is changed all subsequent blocks must be changed too. And thus the block-chain was created. But in order to create a new block, there needs to be a cost to it, otherwise anyone could add any number of arbitrary blocks to the chain. That cost is none other than the electricity needed by computers to solve a mathematical problem. The first one to do gets to add a new block to the chain. This new block generates new bitcoins, which the miner that solved the problem gains as a reward for their efforts, along with all the transaction fees. That is proof-of-work, also known as “mining”, referencing the effort needed to mine precious metals. This Proof of Work also secures the network because in order for an attacker to take control of the network and change previous transactions they would need to control the majority of the computing power of the network, the infamous 51% attack As we know, the cost of running a miner today that actually mines bitcoins is extremely high, making the accumulation of such power by one entity
practically impossible. But even if two or three mining pools joined forces and acquired the necessary 51%, it would still not make financial sense to attack the network, as they would completely undermine their own wealth by destroying the credibility of Bitcoin. All that, and more, were described in the original whitepaper that started the amazing journey of cryptocurrencies. Few days later, Nakamoto registers the project on SourceForge, the open-source code platform, and on January the 3rd 2009 the first ever bitcoin block, named the genesis block, is mined, awarding Satoshi the first 50 bitcoins of the 21 million that will ever be created. In that block, Nakamoto puts the message: “The Times 03/Jan/2009 Chancellor on brink of second bailout for banks.”, a headline of London Times that day, which has been interpreted as both a timestamp and a critique on the traditional financial system. On January 9, version 0.1 of Bitcoin is published. It is so complete, that for many it’s an indication, along with the ingenious ideas in the whitepaper, that Satoshi Nakamoto cannot be just one person, but it’s the pseudonym of a group of people. The identity of Bitcoin’s founder remains a mystery until today, and although many names have been proposed, there has been no concrete proof for any of them, while most of the candidates have denied being Satoshi Nakamoto. Regardless of who Satoshi Nakamoto really is, on January 12, 2009 he makes the first ever bitcoin transaction, sending 10 BTC to developer Hal Finney, who was actually one of the candidates to be Satoshi. Fast forward a few months and the first ever BTC/USD rate is established on October 5, 2009, based on the cost of electricity to produce one bitcoin. The rate was $1 = 1309.03 BTC, or inversely, 1 BTC was worth just $0.00076, a fraction of a
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