09-13-2019 , 11:06 AM
Cryptojacking: What is it and how do I guard against it?
The term “cryptocurrency,” a combination of “cryptography” and “currency,” alludes to the fact that cryptocurrencies are a form of digital money that uses cryptographic keys to identify its account holders and signatures to authenticate transactions. Cryptocurrencies only enter circulation through “mining,” a process that’s used both for creating new units of the currency and securing the ledger from tampering.
The mining process typically involves powerful, high-performance computers, which miners use to compete with one another to reap rewards. Before cryptocurrencies became as popular as they are today, it was possible to mine them with regular computers. Now, however, cryptocurrencies such as Bitcoin are typically mined in extensive farms that feature hundreds of computers working in unison and around the clock.
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The term “cryptocurrency,” a combination of “cryptography” and “currency,” alludes to the fact that cryptocurrencies are a form of digital money that uses cryptographic keys to identify its account holders and signatures to authenticate transactions. Cryptocurrencies only enter circulation through “mining,” a process that’s used both for creating new units of the currency and securing the ledger from tampering.
The mining process typically involves powerful, high-performance computers, which miners use to compete with one another to reap rewards. Before cryptocurrencies became as popular as they are today, it was possible to mine them with regular computers. Now, however, cryptocurrencies such as Bitcoin are typically mined in extensive farms that feature hundreds of computers working in unison and around the clock.
read more