How is cryptocurrency created?

[Justin]

I read that bitcoin is created when the computer solves complicated mathematical problem and this process is called mining. Are all crypto currencies created in the same method? By the way, what kind of mathematical problem does the computer solve to create crypto currency?

 

[cowantussie]

Bitcoins and cryptocurrencies are created through a process called mining. ... Mining is also what gives cryptocurrencies their security. The mathematical problems that are being solved are connected to the blockchain, the record of every single token in a cryptocurrency.

 

[Kayzzy3]

I read that bitcoin is created when the computer solves complicated mathematical problem and this process is called mining. Are all crypto currencies created in the same method? By the way, what kind of mathematical problem does the computer solve to create crypto currency?

Just like the name is, Cryptocurrency, the key word there is Crypto - Cryptography if you understand Cryptography you will understand how cryptocurrencies can to be.
It's simply a secret and secure way of recording transactions and keeping of records on the computer system or blockchain. The computer system already works in a complex mathematical problem situation called binary.

 

[cowantussie]

Bitcoins and cryptocurrencies are created through a process called mining. ... When the problem is solved, tokens for whichever cryptocurrency was being worked on are created, for example a bitcoin, and the computer that got the solution gets the new token. Mining is also what gives cryptocurrencies their security.

 

[eLdavis]

Wow, okay so based on what every one above me has commented, is it safe to say anyone can create their own crypto currency? because on trust wallet and some other wallets or even in all these free airdrops sites you get to see alot of Crypto most with strange names that failed to hit the market

 

[joy101]

I don't really know how cryptocurrency was created, but I will really want to know how cryptocurrency was created can you please tell me how cryptocurrency was created.

 

[btaliat]

The process by which cryptocurrencies is created is called mining. And mining just like other people have suggested is allowing the computer to solve some particular problems that has been programmed in it.

 

[Jlife]

Bitcoins and cryptocurrencies are created through a process called mining. ... Mining is also what gives cryptocurrencies their security. The mathematical problems that are being solved are connected to the blockchain, the record of every single token in a cryptocurrency.

What ?please come again I don't even understand what you're trying to say you mean that a cryptocurrency is created when a computer is trying to solve a complicated problem ?how is this possible and how does this create different types of cryptocurrency ?

 

[Justin]

Just like the name is, Cryptocurrency, the key word there is Crypto - Cryptography if you understand Cryptography you will understand how cryptocurrencies can to be.
It's simply a secret and secure way of recording transactions and keeping of records on the computer system or blockchain. The computer system already works in a complex mathematical problem situation called binary.

Ok great! Cryptography is where crypto is stored and blockchain is where the transaction are recorded. Am I right! I admit I do not know much about crypto currencies.

 

[Chibson]

Cryptocurrency was coined out from cryptography an currency. Cryptocurrency currencies started with mining which was actually in 2008 by the early Bitcoin users.

 

[Alexandoy]

Just like the name is, Cryptocurrency, the key word there is Crypto - Cryptography if you understand Cryptography you will understand how cryptocurrencies can to be.
It's simply a secret and secure way of recording transactions and keeping of records on the computer system or blockchain. The computer system already works in a complex mathematical problem situation called binary.

Thank you for sharing your knowledge about cryptography. This is the first time that I have read of an explanation about crypto which is very easy to understand. It's been a long time that I was trying to understand the mining and blockchain but it is only now that things are getting clearer to me.

 

[Ralphjoe]

Cryptocurrency is created through a process known as calligraphy that is it use encrypted codes to represent values which you can send and receive from different wallet. If you want to start up your own cryptocurrency you first of all start a website for the cryptocurrency then determine the platform that your cryptocurrency will be based on either on blockchain or any other platform.

 

[Dowenship]

I read that bitcoin is created when the computer solves complicated mathematical problem and this process is called mining. Are all crypto currencies created in the same method? By the way, what kind of mathematical problem does the computer solve to create crypto currency?

No I don't think so, and the idea of solving a complicated mathematical problem I don't think that was how bitcoin was created likewise...

 

[jeff87]

I read that bitcoin is created when the computer solves complicated mathematical problem and this process is called mining. Are all crypto currencies created in the same method? By the way, what kind of mathematical problem does the computer solve to create crypto currency?

Sorry I don't know the answer. This is a very good question you made. When I started joining cryptocurrency trading, I also hear about computer solving math problem but specifically I don't know if it is addition or whatever.

 

[Nurudeen]

According to your question I really don't know the kind of mathematical problem solved before getting crypto currency through mining. But I know crypto currency is a good investment option

 

[Hena101]

To be frank i don't know how crypto currency is created but reading the post today help me have an insight of how it come to existence.

 

[Buba]

Write your reply...how is cyptocurrency created yes good questio but really l don't know the answer if there is someone in know find.

 

[Kingstone]

Honestly, I don't understand how cryptocurrency is formed. It is just so complicated to understand but we all know that they can be mined which is quite different from creating them

 

[ahmedo24]

Honestly, I don't understand how cryptocurrency is formed. It is just so complicated to understand but we all know that they can be mined which is quite different from creating them

it is not really complex not complicated but bitcoin all cryptocurrencies are formed through mathematical algorithms that is pull together to solve problems.

 

[Nomad]

Crypto currencies are created through a process called mining. Mining is a process of solving complicated mathematical problems by using complicated computers.