The concept of crypto currency and its essence

About the crypto currency today does not say unless lazy, but what is it? In simple terms, it is a digital currency, coin is its unit. They are protected against the possibility of forgery, representing encrypted information that is inaccessible to copying, thanks to the use of cryptography. Do not confuse the concept of "electronic money" and "crypto", as: Electronic money can appear on the account in any of the modern systems only after they are deposited into the account in its actual, physical embodiment, for example, through the cashier or payment terminals, therefore the electronic form is only one of the forms. Crypto currency is issued immediately on the Web, and it does not in any way connect with conventional currencies or the state system. Anyone can apply to earnings of crypto-currency, having on hand special equipment and equipment. It is computational power that will be responsible for solving constantly complicated algorithms, extracting a coin, and, more precisely, encrypted information. What is the evidence of the presence of a coin in the web? Blocking is a kind of account, which will be described below. The currency is stored decentrally on crypto-users.

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