Cryptocurrencies over the years have become an opportunity for many to make money through the Internet, to invest in what is called cryptocurrencies. Digital assets. Also, they are called cryptocurrencies, they are not printed or physically exist and do not require a bank as an intermediary in transactions.

Cryptocurrencies are speculated and generated by the so-called Cryptocurrency mining, which consists of tracking and collecting blocks, transaction information, and digital data. In other words, all of the above works just like an accountant filling out each page of a large ledger. According to the report. Finally, this large record is called a blockchain.

According to a previous metaphor, accountants who fill books with operations are computers, which in turn are nicknamed miners in the world of cryptocurrencies, because from the beginning of Bitcoin it was associated with work in gold mines where they extract blocks and later group them into carts.

Initially, this research and extraction of xde4 databases was carried out by conventional processors, however with the rapid success of generating large amounts of money through digital currencies, the network increased the demand for more powerful computing systems, which is why people involved started using it. GPUs, graphics processors or also known as graphics cards because they could process more information.

Currently, the cryptocurrency business uses a type of computer called ASIC, which is designed for mining large databases and has a larger capacity than the above equipment.

As a result of this already described database mining, cryptocurrencies have led to large amounts of money being transferred. In this post, Infobae collects information about the two most popular cryptocurrencies on the market:

Bitcoin

It first appeared in the late 2000s with the aim of providing a fast payment and transaction system that would also work internationally, without the intervention of governments and banking organizations, which could bureaucratize the process.

Its creation and operation is based on the processing of encrypted information, i.e., each data is translated into code, which prevents any individual from having easy access, which reduces the chance that more than one transaction will be performed in the same currency. Or to be forged.

Ether

It is the second most powerful digital currency on the market, though like all of them, it has lost value in recent days. It was created in 2015 by the Ethereum platform with a Bitcoin-like purpose that offers the possibility of conducting various monetary transactions without the intervention of banks and financial or government institutions.

Eventually, making money from data mining in cryptocurrencies became so lucrative that “mining pools” were formed, consisting of large groups of teams working together to process larger amounts of data and thus generate more. Money.

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