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Crypto¢oin Corner

Information and Resources for the Cryptocurrency World


Cryptocurrency Prices  Useful Links and Information

Bitcoin (BTC)5441.81 (USD)-3.48%
Litecoin (LTC)58.58 (USD)-3.26%
Dogecoin (DOGE)0.0010321 (USD)-4.22%
Ethereum (ETH)305.77 (USD)-4.91%
Dash (DASH)291.20 (USD)-3.4%
Monero (XMR)87.86 (USD)-5.45%
Updated 18 Oct 2017 18:35:01 UTC

 



Cryptocoin Basics - Introduction

Cryptocurrency, or cryptocoin as we commonly call it here, is a digital currency (or digital asset). Cryptography is used to control the creation of the asset and to verify and protect transactions. It may seem strange to apply a value to an asset seemingly created out of thin air, but it is not that different than whales' teeth or wampum beads, or even most national currencies of today. The key factors in any currency are 1) scarcity, both in supply and in the ability to create, and 2) willingness of others to trade goods and services for the currency. Any asset with intrinsic value, such as gold and silver, has an advantage. But the fiat money we use today is not backed by a commodity; it is backed only by faith in the government.

Most cryptocurrencies meet the scarcity requirement, as these have a maximum amount that can be "mined" (more about this later), or at least limit the rate of production. Currencies that have a maximum supply that will ever exist (such as Bitcoin, Litecoin and Monero) are considered deflationary. Ethereum, by contrast, currently has no maximum supply and is considered inflationary. Considering the second factor, willingness to accept the asset for goods and services is more difficult to achieve. Quite a few businesses are now accepting Bitcoin for payment, although the hundreds of other cryptocoins (called altcoins) have not yet achieved mainstream acceptance. Regardless, most cryptocoins enjoy healthy trading with other cryptocoins and traditional currencies.

The following pages give a brief overview of cryptocoins. You can get more detailed information by digging deeper into the many resources available on the web.

- Coin Creation and Transactions
- Cryptocoin Wallets
- Mining for Coins
- Coin Values


Faucet Links
Bitcoin (BTC)ListRotator
BlackCoin (LTC)ListRotator
Dash (DASH)ListRotator
Dogecoin (DOGE)ListRotator
Ethereum (ETH)ListRotator
Litecoin (LTC)ListRotator
Peercoin (PPC)ListRotator
Primecoin (XPM)ListRotator
Cryptocoin Glossary


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