What is Cryptocurrency?

Crypto Currency (or Cryptography) is a digital instrument that is designed to function as a secret exchange system to protect your transactions, additional units, and transfer of assets. Cryptocurrency is a type of digital currency, alternative currency, and virtual currency. Cryptocurrencies use decentralized regulation instead of a centralized system of digital currencies and central banks.
Decentralized control Each cryptocurrency works through the blockchain, which is the basis of public transactions, which works as a distributed ledger.

A fixed meaning

According to Jan Lansky, crypto can be a system that fulfills four conditions:
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• This policy defines whether new units of cryptocurrency can be created. If new units of cryptocurrency are created, the system identifies the conditions of the source and ownership of these new units.
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• If two different instructions for changing the purchase of the same cryptographic units are entered, the system does more of them.

• The system allows operations to be performed in such a way that the owner of the cryptographic unit is changed. The guarantee can be issued by the guaranteeing agency for the owners of these units.

• Ownership of cryptocurrency units can be identified cryptographically.

In short

Decentralized cryptography together creates a whole system of cryptographic services at a speed that is defined during the creation of the system and is publicly known. In central banks and financial systems, such as the Federal Reserve System, supervisory committees or governments control the supply of money by printing units of official currency or requiring additional digital books. In the case of decentralized cryptocurrency, governments or companies cannot create new units, however they do not cooperate with other companies, banks or organizations that have a property value. The first technical system based on stable cryptocurrencies was created by a group or individual known as Satoshi Nakamoto.
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As of May 2018, there were more than 1,800 crypto transparent specifications. The system of crypto-money, security, integrity and security records are maintained by a group of suspicious groups called minors who use their computers to verify the time of transactions, and add to the registry under a real time schedule.
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Most cryptocurrencies are designed to gradually reduce the production of this currency by reducing the amount of the currency that will be in circulation. Compared to the amount spent by financial institutions or savings

Money in hand, the police can be difficult to catch crypto. The problem comes from the use of cryptographic technologies.