How Cryptocurrency works, let’s find it through demo

Share with friends

Reading Time: 6 minutes

 What is Cryptocurrency?

Cryptocurrency is mathematical protected distributed digital file (ledger) that lists accounts and money and it is maintained by the network of peers.

Cryptocurrency is not controlled by any government or a central authority like Bank whereas fiat currency is issued and controlled by a government.

Cryptocurrency and Blockchain-

Blockchain enables cryptocurrency to move from one person to another person.

Let’s understand cryptocurrency concepts and how it works through a demo app.

Continue reading “How Cryptocurrency works, let’s find it through demo”

Share with friends

Blockchain – Basic concepts

Share with friends

Reading Time: 6 minutes


Let’s understand Blockchain and how it works in simple language and through hands-on exercises.

The blockchain is like a distributed database (ledger) where everyone can securely access the data. It is a continuously growing list of records, linked and secured using cryptography.

Cryptocurrencies like Bitcoin are based on blockchain technology and there are many companies have started to use blockchain technology for their different types of applications.

Blockchain technology is based on the following concepts-

    1. Hashing
    2. Block in a Blockchain
    3. A Chain of Blocks
    4. A Distributed Chain of Blocks

Continue reading “Blockchain – Basic concepts”

Share with friends

Asymmetric (Public-key) cryptography

Share with friends

Reading Time: 2 minutes

Asymmetric cryptography

Asymmetric cryptography is based on the public-private key pair. The public key and its corresponding private key are linked together through their internal mathematical structure. The public key can be shared with everyone but the private key must be kept secret.

There are two main use of Asymmetric cryptography-

Continue reading “Asymmetric (Public-key) cryptography”

Share with friends