2018-6-22 03:11 |
Whilst the failure is mostly contingent on the lack of knowledge and a number of misconceptions about the concept of cryptocurrency.
The Definition of Cryptocurrency
The definition of cryptocurrency is exceptionally simple.
Cryptocurrency is an independent digital currency.
Independence is the main point here and is achieved by virtue of decentralization of the following processes:
Issuance.
New coins in the system are to be issued according to the algorithm that’s based on the determined upfront monetary policy.
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