What is cryptocurrency and how does it work?

Running head: CRYPTOCURRENCY
CRYPTOCURRENCY
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Author Note

CRYPTOCURRENCY 1
Table of Contents
Introduction:...............................................................................................................................2
Node link tree:............................................................................................................................2
User personas:............................................................................................................................3
Types of Crypto currency:.........................................................................................................6
1. Bit coin-..............................................................................................................................6
2. Lit coin-..............................................................................................................................7
3. Ethereum-...........................................................................................................................7
4. Ripple-................................................................................................................................8
5. Bit coin cash-......................................................................................................................8
6. Ethereum Classic-..............................................................................................................8
7. Zcash-.................................................................................................................................9
8. Stellar Lumen (XLM)-.......................................................................................................9
New IA:....................................................................................................................................10
Wireframes:..............................................................................................................................10
Graphic design:........................................................................................................................11
Conclusion:..............................................................................................................................12
References:...............................................................................................................................13

CRYPTOCURRENCY 2

CRYPTOCURRENCY 3
Introduction:
Crypto currency is basically a virtual or digital currency which is secured with
cryptography that makes crypto currency almost impossible for counterfeitting or double
spend. Most of the crypto currencies are actually decentralized network in type and based on
block chain technology. The crypto currencies leverage block chain related technology for
gaining transparency, decentralization and immutability. The important most feature of
crypto currency is that this cannot be controlled by any of the central authority. The
decentralized nature of the block chain can make the crypto currencies theoretically immune.
The crypto currencies can be directly interchanged between 2 of the parties by the utilization
of public and private keys. The transfer can be completed with a very small processing fees
which gives allowance to the users that they can avoid the steep amounts that is charged by
the service provided.
Node link tree:
At present this is the age of online shopping or in cashless period, so the people are
able to buy or sell essentials, the payment is done by credit card. Though they all faced some
problems during payment and the another problem is if they need a international transaction,
this may lead much times and this process would be the expensive one, so to solve this
problem from root they can introduce crypto currency. By using this currency, it do not need
any middle man, the money can directly access by them and the transaction process involved
the total network and enlist the record in database (Quesnelle, 2017). Cryptography is a
technique of securing the information that is totally based on mathematics. It depends on the
law of cryptography to transfer the fund, generate and distribute the financial statement. Bit
coin cash has large sized blocks thus more number of transactions can be made as well as
processed in comparison to that of Bit coin. As crypto currencies are easy to use it has gained