Crypto bit Blog

 Similar conclusions were reached by economist and philosopher Mark Fisher. According to him. ...capitalist realism is a kind of Delesian "dark potential." the "untitled thing" that's underneath everything that's going on in society... processes and all existing phenomena: science, religion, culture; everything is skipped. through the sieve of capitalism, everything is assigned monetary (market) value, everything. is bought and sold. In the author's opinion, the global financial crisis of 2008 did not include the following. has undermined capitalist realism as such, but has "discredited it into of all senses of the word." 16. The general public has lost confidence in this system. "financialism" (situations where financial and industrial capital splits together and... their concentration in the hands of a limited group of people), and this has paved the way for new searching for alternative options of economic life organization, one of...

 1. Technology platform. Indeed, the cryptovolves are strong. differ from money in the modern sense, above all, the mechanism to ensure trust. In traditional national monetary systems, for this. is in line with existing legislation that is somehow under the control of the ruling party authority centralized emission and force of state coercion. Blockchain as technology allows you to create trust in the original "trustless" to the environment by executing strictly the algorithm embedded in the system. Described above. advantages - safety, permanence, openness and pseudonymity - allow strangers to exchange crypt currencies without fear, and also significantly reduce the cost of securing public consensus. This is . legitimized the use of cryptovoltaic (namely Bitcoin) in early stage of evolution in the absence of state legalization of their turnover. We can draw an analogy with the stones of paradise - large limestone. discs mined in some Micronesia islands (Palau, Guam) and that...

 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 ...

 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 ali...

The purpose of this article is to provide a brief description of the cryptology and lying in it. on the basis of the Blockchain technology, as well as an analysis of their evolution and the reasons for which they has somehow managed to gain a foothold in the modern financial system. To do that, there will be it is necessary to describe the mechanism of the blockchain technology, its features, that allow cryptov currencies to have value as a means of payment, as well as to analyze their evolution. Classification of factors that influenced building a public consensus on the use of cryptov currencies, makes up the scientific novelty of this work, as researchers have not previously focused on sufficient attention to which forces are contributing to the assertion of this "money of the future" as an alternative to traditional financial to the tools. When writing the article, such methods of scientific research as theoretical generalization, abstraction, comparison, classification, ...

 It all started with a hacker or a team of hackers under the pseudonym Satoshi. (or Svtochi, different sources have different transcriptions) Nakamoto". Satoshi Nakamoto developed the Bitcoin crypto protocol, also the first. created a version of the software to implement the plan. There were . attempts have been made to reveal Satoshi Nakamoto's identity, but not alone. was a success. [45,47] Bitcoin was invented as an act of disobedience. The crypto currency was established shortly after the global economic crisis and was positioned as a cure for injustice and the corruption of the traditional financial system. Creators of we thought that when Bitcoin became more popular... to compete with real money and will eventually supersede those the institutions that led to the crisis. On October 31, 2008, Nakamoto published "Bitcoin: A Peer-toPeer Electronic Cash System" [25,30] on the cryptography mailing list (The Cryptography Mailing list) metzdowd.com, in which he descri...