Published on July 21st, 2015 | by bitcoin0
cryptocurrency of 2014
Information about cryptocurrency of 2014
A cryptocurrency (or crypto currency) is a medium of exchange using cryptography to secure the transactions and to control the creation of new units. Cryptocurrencies are a subset of alternative currencies, or specifically of digital currencies. Bitcoin became the first decentralized cryptocurrency in 2009. Since then, numerous cryptocurrencies have been created. These are frequently called altcoins, as contraction of bitcoin alternative.
Cryptocurrencies typically feature decentralized control (as opposed to a centralized electronic money system, such as PayPal) and a public ledger (such as bitcoin’s block chain) which records transactions.
2014 (MMXIV) was a common year starting on Wednesday of the Gregorian calendar (dominical letter E), the 2014th year of the Common Era (CE) and Anno Domini (AD) designations, the 14th year of the 3rd millennium, the 14th year of the 21st century, and the 5th year of the 2010s decade.
2014 was designated as:
International Year of Crystallography
International Year of Family Farming
International Year of Solidarity with the Palestinian People
International Year of Small Island Developing States