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==History==
==History==
On the evening of January 3, 2009, a person going by the name of Satoshi Nakamoto released [[Bitcoin]], the first-ever cryptocurrency. This [[Bitcoin]] system he had single-handedly created was composed in all of about thirty-one thousand lines of code. <ref>http://www.newyorker.com/magazine/2011/10/10/the-crypto-currency</ref> This new [[Bitcoin]] met with some success, and before long there were other cryptocurrencies being created. Many of these use a similar base to that of [[Bitcoin]], including [[Litecoin]].
On the evening of January 3, 2009, a person going by the name of Satoshi Nakamoto released [[Bitcoin]], the first-ever cryptocurrency. This [[Bitcoin]] system he had single-handedly created was composed in all of about thirty-one thousand lines of code. <ref>http://www.newyorker.com/magazine/2011/10/10/the-crypto-currency</ref> This new [[Bitcoin]] met with some success, and before long there were other cryptocurrencies being created. Many of these use a similar base to that of [[Bitcoin]], including [[LiteCoin]].
==How it works==
==How it works==
===[[proof-of-stake|Proof-of-Stake]]===
===[[proof-of-stake|Proof-of-Stake]]===
In this system, an individual buys some of this cryptocurrency which has been originally generated. The user then "stakes" some or all of this as an investment. <ref>http://blackcoin.co</ref> As time passes, the individual receives a small amount of interest from the system. [[Blackcoin]] and [[Peercoin]] are the best known [[proof-of-stake]] cryptocurrencies. Staking [[Blackcoin]] earns about 1% per year.<ref>https://bitcoinmagazine.com/articles/what-proof-of-stake-is-and-why-it-matters-1377531463</ref>
In this system, an individual buys some of this cryptocurrency which has been originally generated. The user then "stakes" some or all of this as an investment. <ref>http://blackcoin.co</ref> As time passes, the individual receives a small amount of interest from the system. [[BlackCoin]] and [[PeerCoin]] are the best known [[proof-of-stake]] cryptocurrencies. Staking [[BlackCoin]] earns about 1% per year.<ref>https://bitcoinmagazine.com/articles/what-proof-of-stake-is-and-why-it-matters-1377531463</ref>
==Cryptocurrencies==
==Cryptocurrencies==