Published on July 21st, 2015 | by bitcoin0
top 3 cryptocurrency
Information about top 3 cryptocurrency
A top (also called spinner, spinning top or spin-top) is a toy designed to be spun rapidly on the ground, the motion of which causes it to remain precisely balanced on its tip because of inertia. Such toys have existed since antiquity. Traditionally tops were constructed of wood, sometimes with an iron tip, and would be set in motion by aid of a string or rope coiled around its axis which, when pulled quickly, caused a rapid unwinding that would set the top in motion. Today they are often built of plastic, and modern materials and manufacturing processes allows tops to be constructed with such precise balance that they can be set in motion by a simple twist of the fingers and twirl of the wrist without need for string or rope.
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.