Name the first cryptocurrency with computing power contribution? ripple gridcoin litecoin bitcoin
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Bitcoin is the first cryptocurrency.
It is the first decentralized digital currency. It is a
worldwide payment system. It works without a central bank or single
administrator. It was first released in 2009. Satoshi Nakamoto is its founder.
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Answer:
Bitcoin
Explanation:
Bitcoin is the open source software. Cryptocurrency and P2P are the two technologies used by Bitcoin which is a digital payment currency software. This can also be termed as “Cash for the Internet”. This particular software needs to be installed in the user mobile device to do payment. Here the user needs to enter only the Bitcoin address info and also the amount to be paid. This uses the process called “mining”.
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