Learned by 46 usersPublished on 2024.04.03 Last updated on 2024.10.15
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Introduction to WSI Cryptocurrency
WSI (WeSendit) is a cryptocurrency, but specific detailed information is limited. Here are the basic details about WSI:
Note: Due to the limited information on WSI, here is a general introduction to cryptocurrencies:
Relevant Information:
According to the provided information, the WeSendit (WSI) cryptocurrency was founded by the following team members:
This means that the WeSendit (WSI) cryptocurrency was co-founded by Jens Herbst, Dr. H-M. Oberholzer, and Yves Maag.
According to the provided information, here are the venture capital firms and investors mentioned that invested in cryptocurrencies or related projects:
This information primarily comes from an article describing the developments in the cryptocurrency venture capital field and relevant investment events.
A cryptocurrency is a digital currency that uses cryptographic techniques to secure transactions and control the creation of new units. Here are the basic operational principles:
Decentralization: Cryptocurrencies are not controlled by any central authority or government. They use blockchain technology, a distributed public ledger that records all transactions on the network.
Blockchain: Blockchain is a sophisticated database mechanism that allows for transparent sharing of information in enterprise networks. It stores data in blocks and links these blocks in a chain, ensuring the immutability and transparency of the data.
Transactions: Cryptocurrency transactions are conducted through a peer-to-peer network, requiring no bank or other intermediaries for validation. Each transaction is recorded on the blockchain and secured using cryptographic techniques.
Mining: New units of cryptocurrency are created through a process called mining. Miners use computer power to solve complex mathematical problems to validate and record new transactions and add them to the blockchain.
Cryptocurrency Wallet: Cryptocurrencies are stored in cryptocurrency wallets, which are either physical devices or online software used to securely store the private keys for cryptocurrencies.
Security: Cryptocurrencies use advanced cryptographic techniques to ensure transaction security and prevent fraud and hacking. Blockchain technology makes it very difficult to tamper with transactions as it requires controlling more than 51% of the nodes in the network.
In summary, cryptocurrencies operate through blockchain technology, decentralization, cryptographic techniques, and the mining process, providing a secure, transparent, and private digital payment system.