November 16, 2025, 10:25:29 PM
« previous next »
Pages: [1]

Author Topic: Newbie  (Read 2819 times)

0 Members and 1 Guest are viewing this topic.

Offline godslove0

  • Newbie
  • *
  • Posts: 1
  • Karma: +0/-0
    • View Profile
Newbie
« on: June 14, 2013, 01:42:58 PM »
hello i'm a newbie here i know nothing about bitcoin or goldcoin
my friend just introduce me to goldcoin so please a Little help here
Logged

Offline akumaburn

  • Lead Developer
  • DevTeam
  • *****
  • Posts: 320
  • Karma: +44/-0
    • View Profile
Re: Newbie
« Reply #1 on: June 14, 2013, 01:54:27 PM »
Hi,

Both BitCoin and GoldCoin are crypto-currencies(virtual currency).


The currency is generated using an encryption algorithm in order to facilitate a trade off between computation time and value. In other words the more work your computer does the more likely it is to find(mine) a BitCoin or GoldCoin.

BitCoin uses SHA256(http://en.wikipedia.org/wiki/Sha256)
GoldCoin uses SCRYPT(http://en.wikipedia.org/wiki/Scrypt)

You can read about it more on here https://www.weusecoins.com/en/

Logged
Want to donate to the Development Team?

GLD:
DztaVPtUd2M5TwfifBUaq5bLrAscYeMbyd
Pages: [1]
« previous next »