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Showing posts with the label Currency

Cryptogloassary

Because I see a lot of new altcoin enthusiasts joining the crypto world, I made a simple glossary with crypto jargon. Do you miss anything? Don’t hesitate to add it as a comment (I will edit the post). Address –  A bitcoin address is essentially the same thing as your home address. It’s the location from which you would receive, send or hold your currency. These addresses generally manifest in a long string of alphanumeric characters and will look something like: 1MhN5qfH1vgx9CLL17i3DK9D2gzrHR7dZF A wallet address is the public portion of the two encrypted keys necessary for a holder to accept or verify a transaction. Altcoin , the abbreviation for alternative coin, or alternate coin, or all blockchain projects and related currency that exist in addition to Bitcoin. ASIC  – Application Specific Integrated Circuit (ASIC) An Application Specific Integrated Circuit (ASIC) is a computer chip created to perform one specific function, and only that function. Since mining ...

35 Interesting Facts about Pakistani Currency You Should Know

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Pakistani currency has a rich timeline and all these years changes have been made for the convenience of public and to strengthen the economy. Until 1971, Pakistani currency was printed in two languages i.e. Bengali and Urdu. 'Paisa' coins were used till 80s that were discontinued and replaced by notes which again got discontinued and replaced by new coins. Here is history and some of the interesting facts about Pakistani currency. 1) Word 'rupiya' is a Sanskrit word which means 'a coin of silver' 2) Concept of Coins that are used in Pakistan, begun thousands years ago in India 3) First coin with name 'Rupee' was introduced by Sher Shah Suri in 1545 4) The coins issued after 1840 bore the portrait of Queen Victoria 5) Acute shortage of silver during the First World War, led to the introduction of paper currency of One Rupee 6) A new "Anna Series" was introduced in 1940s  7) Hyderabad State had its own curr...