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IPFX

A cryptocurrency, crypto-currency, or crypto is a digital asset

A cryptocurrency (or “crypto”) is a digital currency that can be used to buy goods and services, but uses an online ledger with strong cryptography to secure online transactions.

What is cryptocurrency?

A digital currency secured by cryptography. It is a store of value and medium of exchange, created electronically via blockchain. 

What is blockchain?

Blockchain is technology in which blocks of information are chained together in a shared digital record. 

How do I mine crypto?

Building The People's Network and mining HNT , MXC, DHX, BTC is easy with a Hotspot (hardware device).

A cryptocurrency, broadly defined, is currency that takes the form of tokens or “coins” and exists on a distributed and decentralized ledger.

IPFX cryptocurrencies as the currency of the future

Mining

Cryptocurrency mining is the process in which transactions between users are verified and added to the blockchain public ledger. The process of mining is also responsible for introducing new coins into the existing circulating supply and is one of the key elements that allow cryptocurrencies to work as a peer-to-peer decentralized network, without the need for a third party central authority.

Cryptocurrencies Use Decentralized, Distributed Systems

How does it work?

A miner is a node/device in the network that collects transactions and organizes them into blocks. Whenever transactions are made, all network nodes receive them and verify their validity. Then, miner nodes gather these transactions from the memory pool and begin assembling them into a block (candidate block).