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Cry Mech

 The mechanism of mining helps to avoid inflation: creators of crypt currency

can limit the speed at which new blocks are created (i.e. the frequency of issuance), and

also the remuneration for their creation (i.e. the volume of the emission). For example, a chain block

Bitcoin is formed every 10 minutes. In addition, every 4 years it is produced

Reduction of the reward for the found chain block: originally it was 50.

BTC, from 2012 - 25 BTC, from 2016 - 12.5 BTC. Finally, to the Bitcoin system.

built-in limit on the maximum number of coins: 21 million


Here is an example of a public block-keeper as a payment system: two

network users agree to make a transaction (e.g. a cryptographic currency

in exchange for pizza). The sender of the payment specifies the address of the recipient's purse, the amount of

translation, as well as other information if necessary. Translation

is verified both with his private and public key, and then

it merges with other transactions that are conducted at the same time. This .

the information array is cryptographically encoded (hashed) by the miners and falls into

into a new block that continues the chain. All participants (network nodes, nodes) update

their versions are blockchained and confirm that the block is formed by the rules. If a block

formed incorrectly as a result of an unauthorized interference or due to data transmission errors, the nodes will not include it in the chain and the transaction will not

It's coming true. After that the specified amount is transferred to the seller's purse, and the transaction

deemed to have been performed


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Cryptov currencies: ways to legitimize

Today the question is whether cryptovolves, and Bitcoin in particular, can be considered,

"full" money is practically worthless, but the opponents and supporters

speak of them in very different tones: the former say it's nothing more than...

than a money surrogate or even a financial pyramid; whereas the second,

on the contrary, consider them something better than traditional fiat (debt) money,

released by the state. One thing's for sure: the cryptic currency has formed around it.

some public consensus on the feasibility of using (such as

and as means of exchange and investment), as a result they have taken their place in the

to the financial system.

History knows examples of "private" money: the American philosopher of science and...

economist D. McCloskey, speaking of cryptic currencies, gives an example of banknotes...

of North Michigan, who were walking during the so-called free era.

banking, in the United States in the 1830s and 1850s.



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