What is Bitcoin?

Bitcoin is a digital asset and a payment system invented by Satoshi Nakamoto. Transactions are verified by network nodes through cryptography and recorded in a public dispersed ledger called a blockchain. Bitcoin is unique in that there are a finite number of them: 21 million.

Bitcoins are created as a reward for a process known as mining. They can be exchanged for other currencies, products, and services. As of February 2015, over 100,000 merchants and vendors accepted bitcoin as payment.

Bitcoin is decentralized: it is not subject to government or financial institution control.

What is Ethereum?

Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference.

Ethereum was proposed in late 2013 by Vitalik Buterin, a cryptocurrency researcher and programmer. Development was funded by an online crowdsale that took place between July and August 2014.

The Ethereum network went live on July 30, 2015.

What is Cronos?

Cronos is a decentralized cryptocurrency that uses a unique algorithm that allows for block time to be reduced from 10 minutes to 1 minute. This allows for faster transactions and a higher degree of security.

Cronos was founded in early 2017 by a team of experienced developers. The project is open source and community driven.

What is Exchange?

An exchange is a platform where you can buy, sell, or trade cryptocurrencies. Exchanges can be centralized or decentralized.

Centralized exchanges are run by a company and require you to create an account and provide personal information. Decentralized exchanges are run by the community and do not require you to create an account.

What is Bitcoin?

Bitcoin is a digital asset and a payment system invented by Satoshi Nakamoto. Transactions are verified by network nodes through cryptography and recorded in a public dispersed ledger called a blockchain. Bitcoin is unique in that there are a finite number of them: 21 million.

Bitcoins are created as a reward for a process known as mining. They can be exchanged for other currencies, products, and services. As of February 2015, over 100,000 merchants and vendors accepted bitcoin as payment.

Bitcoin is decentralized: it is not subject to government or financial institution control.

What is Ethereum?

Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference.

Ethereum was proposed in late 2013 by Vitalik Buterin, a cryptocurrency researcher and programmer. Development was funded by an online crowdsale that took place between July and August 2014.

The Ethereum network went live on July 30, 2015.

What is Cronos?

Cronos is a decentralized cryptocurrency that uses a unique algorithm that allows for block time to be reduced from 10 minutes to 1 minute. This allows for faster transactions and a higher degree of security.

Cronos was founded in early 2017 by a team of experienced developers. The project is open source and community driven.

What is Exchange?

An exchange is a platform where you can buy, sell, or trade cryptocurrencies. Exchanges can be centralized or decentralized.

Centralized exchanges are run by a company and require you to create an account and provide personal information. Decentralized exchanges are run by the community and do not require you to create an account.