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Cry Worlds

 This, according to the developers' plans, is what will allow people

to literally go beyond the existing financial system and freely yourself

to dispose of your funds. Let's take a closer look at how the technology

Blockchain and other solutions make this situation possible.

As has been mentioned, the distinctive feature of most cryptovolves,

and Bitcoin in particular, is their decentralisation: the transaction chain is not stored in the

in one place, and in the wallets of all the participants. It's also stored in

in an encrypted form that protects it from tampering and change (security). All .

operations necessary for network operation are performed in electronic

environment with different devices, depending on the mechanism of the specific

block/script-currency (e.g. video cards, processors). In addition, the circuit

the blockchain cannot be changed in the absence of a consensus decision by the participants

networks. Finally, cryptovalves are open and at the same time alias...

(in rare cases, anonymous) systems. This means that transaction information

between participants is available online, but information on the participants themselves

the participants are hidden12.


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Important to understanding the phenomenon of the cryptovoltaic currency is mining -

activities to maintain the distributed platform and create new blocks with

opportunity to receive remuneration in the form of the issued currency and/or

of the commission fees. Miners make calculations to perform

transactions by cryptographic encryption of new blocks, and remuneration

encourages people to use their computing power and thus

to keep the networks running. Thus, two objectives are pursued: a. "monetary"

emission; b. creation of new blocks.

There are two main mining mechanisms: Proof-of-Work.

"POW, example Bitcoin) and Proof-of-Stake..,

literally "proof-of-work," cf. - POS, example - Dash.) In the first case.

the best chance to encrypt the new block and get a reward has a miner with

with the highest computational power, the second one with the largest

by the balance of the crypt currency.


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