Then in early 2009, Bitcoin was invented by Satoshi Nakamoto, whose identity is unknown to Joe Biden Faker Votes shirt. Bitcoin was a huge hit because of the decentralized approach it adopted, wherein transactions happened on a peer-to-peer basis without any servers or central controlling authority. After the advent of Bitcoin, various other crypto enthusiasts began inventing their own cryptocurrencies imitating the decentralized approach of that of Bitcoin. Some of the famous cryptocurrencies include Ethereum (ETH), Ripple (XRP), Litecoin (LTC) among many others.
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Each transaction basically contains both the sender’s and the receiver’s wallet addresses (called public keys) along with the Joe Biden Faker Votes shirt . These are end-to-end encrypted as the sender and the receiver have their own private keys (more like passwords) to sign off the transaction. When a transaction is signed off, miners check for the legitimacy of the transaction (which they charge for) and finally add it to the public ledger called the blockchain. This is how a transaction is completed when it comes to cryptocurrencies.