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What is Cryptocurrency?

According to wikipedia:

A cryptocurrency (or crypto currency) is a digital asset designed to work as a medium of exchange that uses cryptography to secure its transactions, to control the creation of additional units, and to verify the transfer of assets.[1][2][3] Cryptocurrencies are classified as a subset of digital currencies and are also classified as a subset of alternative currencies and virtual currencies.

If you are not familiar with this concept, please take time to educate yourself, I’ve written couple of blog posts in this regard which you can read, and also wikipedia is a entrance of the rabbit hole 🙂

What is Hash?

Again, referring back to Wikipedia:

A hash function is any function that can be used to map data of arbitrary size to data of fixed size. The values returned by a hash function are called hash values, hash codes, digests, or simply hashes. An example is finding similar stretches in DNA sequences. They are also useful in cryptography. A cryptographic hash function allows one to easily verify that some input data maps to a given hash value, but if the input data is unknown, it is deliberately difficult to reconstruct it (or equivalent alternatives) by knowing the stored hash value.

A Work in Progress Table

# Hash Name Currency Total Possible Website Block Explorer
1 SHA256 Bitcoin 12M
2 Scrypt Litecoin 84M http://www.litecoin.org  http://explorer.litecoin.net/chain/Litecoin
3 X11 Dash 400M http://www.dashpay.io/  https://chainz.cryptoid.info/drk/
4 Scrypt Verge ? https://vergecurrency.com/ https://prohashing.com/explorer/Verge/

I will add more info as time goes by, and also provide a public api for you to use in your excel sheet, or nodejs app.

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