Below, this link we'll analyze probably the most significant digital currency standards other than bitcoin. While bitcoin is designed as a currency and a store of value, the Ethereum network is intended for complex smart contracts and decentralized applications. A cryptocurrency, extensively characterized, is virtual or advanced cash which appears as tokens or "coins." While some cryptocurrencies have wandered into the physical world with charge cards or different activities, the vast dominant part remains totally immaterial. Thus, the way to get them, when you don't have any, is by receiving a transaction from someone else, when you purchase them using cash or also by mining new bitcoins. For every new user, you bring into the pool you receive a commission rate of 30% when they start mining.