issue new units. Cryptocurrencies run on a distributed public ledger

called blockchain, a record of all transactions updated and held by

currency holders.

U nits of cryptocurrency are created through a process called mining,

which involves using computer power to solve complicated

mathematical problems that generate coins. U sers can also buy the

currencies from brokers then store and spend them using

cryptographic wallets.

If you own cryptocurrency, you do not own anything tangible. What

you own is a key that allows you to move a record or a unit of measure

from one person to another without a trusted third party.

Cryptocurrencies are built using blockchain technology. Blockchain

describes the way transactions are recorded into “blocks” and time-

stamped. It is fairly a complex, technical process, but the result is a

digital ledger of cryptocurrency transactions that is hard for hackers to

tamper with.

In addition, transactions require a two-factor authentication process. For

instance, you might be asked to enter a username and password to start a

transaction. Then, you might have to enter an authentication code sent via

text to your personal cell phone.

Cryptocurrency ATM

A terminal that allows you to buy cryptocurrency with the use of a bank

debit/ credit card or with cash, visually differing from one another, looking

like ATMs or installed into a stand or wall. A kiosk allowing a person to

purchase Bitcoin using a cash or debit card is a Bitcoin ATM, enabling both

the purchase and sale of bitcoin for cash, i.e., offering bi-directional

functionality. To transact on the machine, the providers of Bitcoin ATMs

require users to have an existing account.

Cash kiosks and ATMs are the two types of Bitcoin machines connected to

the Internet, allowing cash or card payment in exchange for Bitcoins. These

exchange platforms provide for converting cash bills into electronic form as

the medium. The ATM kiosk which is connected to the Internet by moving

money to a public key on the blockchain, allows individuals to insert cash

or cards in exchange for Bitcoins. Like a traditional ATM, the Bitcoin ATM