A cryptocurrency, crypto-currency, or crypto is a digital currency designed to work as a medium of exchange through a computer network that is not reliant on any central authority, such as a government or bank, to uphold or maintain it.

Individual coin ownership records are stored in a digital ledger, which is a computerized database using strong cryptography to secure transaction records, to control the creation of additional coins, and to verify the transfer of coin ownership.[1][2][3] Despite their name, cryptocurrencies are not necessarily considered to be currencies in the traditional sense and while varying categorical treatments have been applied to them, including classification as commodities, securities, as well as currencies, cryptocurrencies are generally viewed as a distinct asset class in practice.[4][5][6] Some crypto schemes use validators to maintain the cryptocurrency. In a proof-of-stake model, owners put up their tokens as collateral. In return, they get authority over the token in proportion to the amount they stake. Generally, these token stakers get additional ownership in the token over time via network fees, newly minted tokens or other such reward mechanisms.[7]

Cryptocurrency does not exist in physical form (like paper money) and is typically not issued by a central authority. Cryptocurrencies typically use decentralized control as opposed to a central bank digital currency (CBDC).[8] When a cryptocurrency is minted or created prior to issuance or issued by a single issuer, it is generally considered centralized. When implemented with decentralized control, each cryptocurrency works through distributed ledger technology, typically a blockchain, that serves as a public financial transaction database.[9]

A cryptocurrency is a tradable digital asset or digital form of money, built on blockchain technology that only exists online. Cryptocurrencies use encryption to authenticate and protect transactions, hence their name. There are currently over a thousand different cryptocurrencies in the world, and their supporters see them as the key to a fairer future economy.In 1983, the American cryptographer David Chaum conceived an anonymous cryptographic electronic money called ecash.[12][13] Later, in 1995, he implemented it through Digicash,[14] an early form of cryptographic electronic payments which required user software in order to withdraw notes from a bank and designate specific encrypted keys before it can be sent to a recipient. This allowed the digital currency to be untraceable by the issuing bank, the government, or any third party.

In 1996, the National Security Agency published a paper entitled How to Make a Mint: the Cryptography of Anonymous Electronic Cash, describing a Cryptocurrency system, first publishing it in an MIT mailing list[15] and later in 1997, in The American Law Review (Vol. 46, Issue 4).[16]

In 1998, Wei Dai published a description of "b-money", characterized as an anonymous, distributed electronic cash system.[17] Shortly thereafter, Nick Szabo described bit gold.[18] Like bitcoin and other cryptocurrencies that would follow it, bit gold (not to be confused with the later gold-based exchange, BitGold) was described as an electronic currency system which required users to complete a proof of work function with solutions being cryptographically put together and published.

In 2009, the first decentralized cryptocurrency, bitcoin, was created by presumably pseudonymous developer Satoshi Nakamoto. It used SHA-256, a cryptographic hash function, in its proof-of-work scheme.[19][20] In April 2011, Namecoin was created as an attempt at forming a decentralized DNS, which would make internet censorship very difficult. Soon after, in October 2011, Litecoin was released. It used scrypt as its hash function instead of SHA-256. Another notable cryptocurrency, Peercoin, used a proof-of-work/proof-of-stake hybrid.[21]

On 6 August 2014, the UK announced its Treasury had commissioned a study of cryptocurrencies, and what role, if any, they could play in the UK economy. The study was also to report on whether regulation should be considered.[22] Its final report was published in 2018,[23] and it issued a consultation on cryptoassets and stablecoins in January 2021.[24]

In June 2021, El Salvador became the first country to accept Bitcoin as legal tender, after the Legislative Assembly had voted 62–22 to pass a bill submitted by President Nayib Bukele classifying the cryptocurrency as such.[25]

In August 2021, Cuba followed with Resolution 215 to recognize and regulate cryptocurrencies such as bitcoin.[26]

In September 2021, the government of China, the single largest market for cryptocurrency, declared all cryptocurrency transactions illegal, completing a crackdown on cryptocurrency that had previously banned the operation of intermediaries and miners within China.Decentralized cryptocurrency is produced by the entire cryptocurrency system collectively, at a rate which
is defined when the system is created and which is publicly known. In centralized banking and economic
systems such as the US Federal Reserve System, corporate boards or governments control the supply of
currency. In the case of decentralized cryptocurrency, companies or governments cannot produce new
units, and have not so far provided backing for other firms, banks or corporate entities which hold asset
value measured in it. The underlying technical system upon which decentralized cryptocurrencies are based
was created by the group or individual known as Satoshi Nakamoto.
[44]
As of May 2018, over 1,800 cryptocurrency specifications existed.[45] Within a proof-of-work
cryptocurrency system such as Bitcoin, the safety, integrity and balance of ledgers is maintained by a
community of mutually distrustful parties referred to as miners: who use their computers to help validate
and timestamp transactions, adding them to the ledger in accordance with a particular timestamping
scheme.
[19]
In a proof-of-stake (PoS) blockchain, transactions are validated by holders of the associated
cryptocurrency, sometimes grouped together in stake pools.
Most cryptocurrencies are designed to gradually decrease the production of that currency, placing a cap on
the total amount of that currency that will ever be in circulation.[46] Compared with ordinary currencies
held by financial institutions or kept as cash on hand, cryptocurrencies can be more difficult for seizure by
law enforcement.

Legality
The legal status of cryptocurrencies varies substantially from country to country and is still undefined or
changing in many of them. At least one study has shown that broad generalizations about the use of bitcoin
in illicit finance are significantly overstated and that blockchain analysis is an effective crime fighting and
intelligence gathering tool.
[114] While some countries have explicitly allowed their use and trade,
[115]
others have banned or restricted it. According to the Library of Congress, an "absolute ban" on trading or
using cryptocurrencies applies in eight countries: Algeria, Bolivia, Egypt, Iraq, Morocco, Nepal, Pakistan,
and the United Arab Emirates. An "implicit ban" applies in another 15 countries, which include Bahrain,
Bangladesh, China, Colombia, the Dominican Republic, Indonesia, Iran, Kuwait, Lesotho, Lithuania,
Macau, Oman, Qatar, Saudi Arabia and Taiwan.[116]
In the United States and Canada, state and provincial
securities regulators, coordinated through the North American Securities Administrators Association, are
investigating "bitcoin scams" and ICOs in 40 jurisdictions.
Various government agencies, departments, and courts have classified bitcoin differently. China Central
Bank banned the handling of bitcoins by financial institutions in China in early 2014.
In Russia, though owning cryptocurrency is legal, its residents are only allowed to purchase goods from
other residents using Russian ruble while nonresidents are allowed to use foreign currency.
[118]
Regulations and bans that apply to bitcoin probably extend to similar cryptocurrency systems.
[119]
In August 2018, the Bank of Thailand announced its plans to create its own cryptocurrency, the Central
Bank Digital Currency (CBDC).

The legal concern of an unregulated global economy
As the popularity of and demand for online currencies has increased since the inception of bitcoin in
2009,[128] so have concerns that such an unregulated person to person global economy that
cryptocurrencies offer may become a threat to society. Concerns abound that altcoins may become tools for
anonymous web criminals.
[129]
Cryptocurrency networks display a lack of regulation that has been criticized as enabling criminals who
seek to evade taxes and launder money. Money laundering issues are also present in regular bank transfers,
however with bank-to-bank wire transfers for instance, the account holder must at least provide a proven
identity.
Transactions that occur through the use and exchange of these altcoins are independent from formal
banking systems, and therefore can make tax evasion simpler for individuals. Since charting taxable income
is based upon what a recipient reports to the revenue service, it becomes extremely difficult to account for
transactions made using existing cryptocurrencies, a mode of exchange that is complex and difficult to
track.[129]
Systems of anonymity that most cryptocurrencies offer can also serve as a simpler means to launder money.
Rather than laundering money through an intricate net of financial actors and offshore bank accounts,
laundering money through altcoins can be achieved through anonymous transactions.

Loss, theft, and fraud
In February 2014, the world's largest bitcoin exchange, Mt. Gox, declared bankruptcy. The company stated
that it had lost nearly $473 million of their customers' bitcoins likely due to theft, which Mt. Gox blamed on
hackers who exploited transaction malleability problems in the network. This was equivalent to
approximately 750,000 bitcoins, or about 7% of all the bitcoins in existence. The price of a bitcoin fell from
a high of about $1,160 in December to under $400 in February.
[130]
Two members of the Silk Road Task Force—a multi-agency federal task force that carried out the U.S.
investigation of Silk Road—seized bitcoins for their own use in the course of the investigation.[131] DEA
agent Carl Mark Force IV, who attempted to extort Silk Road founder Ross Ulbricht ("Dread Pirate
Roberts"), pleaded guilty to money laundering, obstruction of justice, and extortion under color of official
right, and was sentenced to 6.5 years in federal prison.[131] U.S. Secret Service agent Shaun Bridges
pleaded guilty to crimes relating to his diversion of $800,000 worth of bitcoins to his personal account
during the investigation, and also separately pleaded guilty to money laundering in connection with another
cryptocurrency theft; he was sentenced to nearly eight years in federal prison.[132]
Homero Josh Garza, who founded the cryptocurrency startups GAW Miners and ZenMiner in 2014,
acknowledged in a plea agreement that the companies were part of a pyramid scheme, and pleaded guilty to
wire fraud in 2015. The U.S. Securities and Exchange Commission separately brought a civil enforcement
action against Garza, who was eventually ordered to pay a judgment of $9.1 million plus $700,000 in
interest. The SEC's complaint stated that Garza, through his companies, had fraudulently sold "investment
contracts representing shares in the profits they claimed would be generated" from mining.[133]
On 21 November 2017, the Tether cryptocurrency announced they were hacked, losing $31 million in
USDT from their primary wallet.
[134] The company has 'tagged' the stolen currency, hoping to 'lock' them
in the hacker's wallet (making them unspendable). Tether indicates that it is building a new core for its
primary wallet in response to the attack in order to prevent the stolen coins from being used.
In May 2018, Bitcoin Gold (and two other cryptocurrencies) were hit by a successful 51% hashing attack
by an unknown actor, in which exchanges lost estimated $18m.
[135]
In June 2018, Korean exchange
Coinrail was hacked, losing US$37 million worth of altcoin. Fear surrounding the hack was blamed for a
$42 billion cryptocurrency market selloff.
[136] On 9 July 2018 the exchange Bancor had $23.5 million in
cryptocurrency stolen.[137]
The French regulator Autorité des marchés financiers (AMF) lists 15 websites of companies that solicit
investment in cryptocurrency without being authorised to do so in France.
[138]
A 2020 EU report found that users had lost crypto-assets worth hundreds of millions of US dollars in
security breaches at exchanges and storage providers. From 2011 to 2019, between four and 12 breaches
were identified a year. In 2019, thefts were reported to have exceeded a value of $1 billion. Stolen assets
"typically find their way to illegal markets and are used to fund further criminal activity".

Impacts and analysis - 
Speculation, fraud and adoption
Cryptocurrencies have been compared to Ponzi schemes, pyramid schemes
[141] and economic
bubbles,
[142] such as housing market bubbles.
[143] Howard Marks of Oaktree Capital Management stated
in 2017 that digital currencies were "nothing but an unfounded fad (or perhaps even a pyramid scheme),
based on a willingness to ascribe value to something that has little or none beyond what people will pay for
it", and compared them to the tulip mania (1637), South Sea Bubble (1720), and dot-com bubble
(1999).
[144] The New Yorker has explained the debate based on interviews with blockchain founders in an
article about the "argument over whether Bitcoin, Ethereum, and the blockchain are transforming the
world".
[145]
While cryptocurrencies are digital currencies that are managed through advanced encryption techniques,
many governments have taken a cautious approach toward them, fearing their lack of central control and
the effects they could have on financial security.
[146] Regulators in several countries have warned against
cryptocurrency and some have taken measures to dissuade users.
[147] However, research in 2021 by the
UK's financial regulator suggested such warnings went unheard, or ignored. Fewer than one in 10 potential
cryptocurrency buyers were aware of consumer warnings on the FCA website, and 12% of crypto users
were not aware that their holdings were not protected by statutory compensation.
[148][149]
Additionally, many banks do not offer services for cryptocurrencies and can refuse to offer services to
virtual-currency companies.
[150] Gareth Murphy, a senior central banking officer has stated "widespread
use [of cryptocurrency] would also make it more difficult for statistical agencies to gather data on economic
activity, which are used by governments to steer the economy". He cautioned that virtual currencies pose a
new challenge to central banks' control over the important functions of monetary and exchange rate
policy.
[151] While traditional financial products have strong consumer protections in place, there is no
intermediary with the power to limit consumer losses if bitcoins are lost or stolen. One of the features
cryptocurrency lacks in comparison to credit cards, for example, is consumer protection against fraud, such
as chargebacks.
The cryptocurrency community refers to pre-mining, hidden launches, ICO or extreme rewards for the
altcoin founders as a deceptive practice.
[152]
It can also be used as an inherent part of a cryptocurrency's
design.[153] Pre-mining means currency is generated by the currency's founders prior to being released to
the public.
[154]
Paul Krugman, winner of the Nobel Memorial Prize in Economic Sciences, has repeated numerous times
that it is a bubble that will not last
[155] and links it to Tulip mania.
[156] American business magnate Warren
Buffett thinks that cryptocurrency will come to a bad ending.[157]
In October 2017, BlackRock CEO
Laurence D. Fink called bitcoin an "index of money laundering".
[158] "Bitcoin just shows you how much
demand for money laundering there is in the world," he said.

Environmental impact
Mining for proof-of-work cryptocurrencies consumes significant quantities of electricity and has a large
associated carbon footprint.
[164] Proof-of-work blockchains such as Bitcoin, Ethereum, Litecoin, and
Monero were estimated to have added 3 to 15 million tonnes of carbon dioxide emissions to the atmosphere
in the period from 1 January 2016 to 30 June 2017.[165] By November 2018, Bitcoin was estimated to
have an annual energy consumption of 45.8TWh, generating 22.0 to 22.9 million tonnes of carbon dioxide,
rivalling nations like Jordan and Sri Lanka.
[166]
Critics have also identified a large electronic waste problem in disposing of mining rigs.
[167] Mining
hardware is improving at a fast rate, quickly resulting in older generations of hardware.
[168]
Bitcoin is the least energy-efficient cryptocurrency, using 707.6 kilowatt-hours of electricity per
transaction.[169]
In comparison, the world's second-largest cryptocurrency, Ethereum, uses 62.56 kilowatthours of electricity per transaction.[170] Ripple ($XRP) is the world's most energy efficient cryptocurrency,
using 0.0079 kilowatt-hours of electricity per transaction.[171]
A few papers concluded that variable renewable energy power stations could invest in Bitcoin mining to
reduce curtailment, hedge electricity price risk, stabilize the grid, increase the profitability of renewable
energy power stations and therefore accelerate transition to sustainable
energy.


Cryptocurrency

As of August 2019, Kamala Harris and her husband had an estimated net worth of $5.8 million.

What is the Net Worth of Kamala Harris?

In 2005, the National Black Prosecutors Association awarded Harris the Thurgood Marshall Award. That year, she was featured along with 19 other women in a Newsweek report profiling "20 of America's Most Powerful Women". A 2008 New York Times article published later that year also identified her as a woman with potential to become president of the United States, highlighting her reputation as a "tough fighter". In 2013, Time named Harris as one of the "100 Most Influential People in the World". In 2016, the 20/20 Bipartisan Justice Center awarded Harris the Bipartisan Justice Award along with Senator Tim Scott.Biden and Harris were jointly named Time Person of the Year for 2020.

Awards and Honors of Kamala Harris

In 1990, Harris was hired as a deputy district attorney in Alameda County, California, where she was described as "an able prosecutor on the way up". In 1994, Speaker of the California Assembly Willie Brown, who was then dating Harris, appointed her to the state Unemployment Insurance Appeals Board and later to the California Medical Assistance Commission. Harris took a six-month leave of absence in 1994 from her duties, then afterward resumed as prosecutor during the years she sat on the boards. Harris's connection to Brown was noted in media reportage as part of a pattern of Californian political leaders appointing "friends and loyal political soldiers" to lucrative positions on the commissions. Harris has defended her work.

In February 1998, San Francisco district attorney Terence Hallinan recruited Harris as an assistant district attorney. There, she became the chief of the Career Criminal Division, supervising five other attorneys, where she prosecuted homicide, burglary, robbery, and sexual assault cases – particularly three-strikes cases. In 2000, Harris reportedly clashed with Hallinan's assistant, Darrell Salomon, over Proposition 21, which granted prosecutors the option of trying juvenile defendants in Superior Court rather than juvenile courts. Harris campaigned against the measure, which passed. Salomon opposed directing media inquiries about Prop 21 to Harris and reassigned her, a de facto demotion. Harris filed a complaint against Salomon and quit.

In August 2000, Harris took a job at San Francisco City Hall, working for city attorney Louise Renne. Harris ran the Family and Children's Services Division representing child abuse and neglect cases. Renne endorsed Harris during her D.A. campaign.

Early Career of Kamala Harris

Joe Biden and his second wife, teacher Jill Tracy Jacobs, spent their honeymoon at Lake Balaton in the Hungarian People's Republic, behind the Iron Curtain.

Where did Joe Biden and Jill Biden Spent their Honeymoon at?

On December 18, 1972, a few weeks after the election, Biden's wife Neilia and one-year-old daughter Naomi were killed in an automobile accident while Christmas shopping in Hockessin, Delaware. Neilia's station wagon was hit by a semi-trailer truck as she pulled out from an intersection. Their sons Beau (aged 3) and Hunter (aged 2) survived the accident and were taken to the hospital in fair condition, Beau with a broken leg and other wounds and Hunter with a minor skull fracture and other head injuries. Biden considered resigning to care for them, but Senate Majority Leader Mike Mansfield persuaded him not to.

Death Joe Biden's wife and daughter

Joseph Robinette Biden Jr. was born November 20, 1942, at St. Mary's Hospital in Scranton, Pennsylvania, to Catherine Eugenia "Jean" Biden (née Finnegan) and Joseph Robinette Biden Sr. The oldest child in a Catholic family, he has a sister, Valerie, and two brothers, Francis and James. Jean was of Irish descent, while Joseph Sr. had English, French, and Irish ancestry.

Joe Biden History

American public education is operated by state and local governments and regulated by the United States Department of Education through restrictions on federal grants. In most states, children are required to attend school from the age of six or seven (generally, kindergarten or first grade) until they turn 18 (generally bringing them through twelfth grade, the end of high school); some states allow students to leave school at 16 or 17.

About 12% of children are enrolled in parochial or nonsectarian private schools. Just over 2% of children are homeschooled. The U.S. spends more on education per student than any nation in the world, spending an average of $12,794 per year on public elementary and secondary school students in the 2016–2017 school year. Some 80% of U.S. college students attend public universities.

Of Americans 25 and older, 84.6% graduated from high school, 52.6% attended some college, 27.2% earned a bachelor's degree, and 9.6% earned graduate degrees. The basic literacy rate is approximately 99%. The United Nations assigns the United States an Education Index of 0.97, tying it for 12th in the world.

The United States has many private and public institutions of higher education. The majority of the world's top universities, as listed by various ranking organizations, are in the U.S. There are also local community colleges with generally more open admission policies, shorter academic programs, and lower tuition

Education in the US

It has been generally accepted that the first inhabitants of North America migrated from Siberia by way of the Bering land bridge and arrived at least 12,000 years ago; however, some evidence suggests an even earlier date of arrival. The Clovis culture, which appeared around 11,000 BC, is believed to represent the first wave of human settlement of the Americas. This was likely the first of three major waves of migration into North America; later waves brought the ancestors of present-day Athabaskans, Aleuts, and Eskimos.

History of the United States

Despite a long-term peace process, Israelis and Palestinians have failed to reach a final peace agreement. Progress was made towards a two-state solution with the 1993–1995 Oslo Accords, but today the Palestinians remain subject to Israeli military occupation in the Gaza Strip and in 165 "islands" across the West Bank. Key issues that have stalled further progress are security, borders, water rights, control of Jerusalem, Israeli settlements, Palestinian freedom of movement, and Palestinian right of return.

Israelis and Palestinians have failed to reach a final peace agreement

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UPCOMING MOVIES 2021

Well, first try different recipes for fun and check how they taste. Next think about what are there left or in low or high quantities in the food. Try again those recipes with changing the ingredients. Try until they taste really good. This will give you a lot of experience in cooking and you will remember some recipes also. I will give links to some recipes for dinner, breakfast and lunch. Here, 