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21 Terms to Understand Cryptocurrency

We want to inform our users so they can become the best traders they can be. That is why we wrote this article explaining all the terms you need to know to understand cryptocurrency. 1. 51% Attack A 51% attack is a situation where more than half of the computing power on a network is operated by a single individual or concentrated group, which gives them complete and total control over a network. Things that an entity with 51% of the computing power can do include, but are not limited to: Halting all mining. Halting and manipulating all interpersonal transactions. Use singular coins over and over. 2. Address A bitcoin address is essentially the same thing as your home address. It’s the location from which you would receive, send or hold your currency. These addresses generally manifest in a long string of alphanumeric characters and will look something like: 1MhN5qfH1vgx9CLL17i3DK9D2gzrHR7dZF A wallet address is the public portion of the two encrypted keys necessary f...

Bitcoin in Technical Terms

Bitcoin Bitcoin is a  digital  currency that was introduced in 2009. There is no physical version of the currency, so all Bitcoin transactions take place over the Internet. Unlike traditional currencies, Bitcoin is decentralized, meaning it is not controlled by a single bank or government. Instead, Bitcoin uses a peer-to-peer ( P2P ) payment network made up of users with Bitcoin accounts. Bitcoins can be acquired using two different methods: 1) exchanging other currencies for bitcoins, and 2) bitcoin mining. The first method is by far the most common and can be done using a Bitcoin exchange like Mt. Gox or CampBX. These exchanges allow users to trade dollars, euros, or other currencies for bitcoins. The other method, bitcoin mining, involves setting up a computer system to solve math problems generated by the Bitcoin  network . As a bitcoin miner solves these complex problems, bitcoins are credited to the miner. While this seems like an easy way to earn bitcoins, ...

How to Access Full CryptoCurrency Chat Room

How to Access Full CryptoCurrency Chat Room #1 ONLY IN CRITEN! Date: Dec 2017 Welcome to the New Age of Trading "CryptoCurrency" and Community Chat. My name is pyro, I have been dealing with bitcoin and litecoin since the beginning of this great journey back in the 2008 when mining was a huge deal. Many do not explain exact detail of what is this bitcoin and other crypto currencies as well as scams/rip is by far highest alarming rate disaster. Beware trading/exchanging crypto currencies as well as gambling on sites is extremely VERY dangerous. How to access Chat Room: Step by Step [PC] |Mac users can download other irc client." Follow: https://www.mirc.com/install.html 1 - Download IRC Client "Free or Buy Mirc" I personally recommend MIRC directly from mirc.com. https://www.mirc.com/ 2 - Install Mirc 3- Open up Mirc and edit your identification settings etc. Nickname and all. 4 - Open up by typing /server irc.criten.net 5 - Make sure you...