What is Crypto currency | Leagl or eligal

Crypto currency

Crypto Money (or Cryptography) is a controversial digital currency. it has designed to act as a cryptographic medium of exchange. , to protect your transaction-moreal security units, and transfer assets. Crypto prices are a form of digital currency, other currencies, and virtual currency. Cryptorensets use distributed controls instead of central electronic banking and central banks.

Separate control of each digital currency operates through a blockchain. which is the basis of public works, acting as a distributed record.

Systematic description

According to Jan Lansky, crypto may be a system that meets four conditions:

• The policy states that new cryptocurrency units can create. When new cryptocurrency units are design. the system identifies source conditions for ownership of these new components.

• When two separate commands are use to change the buy of the same cryptographic units. the system operates at least one of them.

• The system allows transactions to make in the form of a cryptographic unit holder. The transaction statement can only issue by a business certifying. , the current owners of these components.

• Identity of cryptocurrency units can only display in cryptographic.

View all

Shared encrypted encryption generates the entire cryptographic services system. at a speed specified during the process and known. In central banking and economic policies, such as the Federal Reserve System. , the executive committees or governments regulate the financing of printer finance prints. , or the demand for complementary digital documentation. In the case of securities spent. governments or corporations are unable to produce new units. yet they are not compatible with other companies, banks or organizations. A basic technology program based on low-level complaints. it has developed by a group or individual known as Satoshi Nakamoto.

As of May 2018, there were more than 1,800 details of transparent crypto. The system of crypto-currency records, security, integrity and balance. , is maintain by a community of suspicious groups called minors. who use their computer to verify transaction time. adding them to the registry under a specific timestamp system.

Many crypto copies are design to reduce the production of this currency. by reducing the total amount of those coins that will be distribute. Compared to ordinary funds held by financial institutions or held

money in hand, police can find it difficult to catch crypto. This problem stems from the use of cryptographic technology

Also read this