digital currency

cryptocurrency

Kryptovalyuta – a digital currency. It is also called a virtual currency. This digital asset that processes their transaction using cryptography, the cryptography is used discreetly and confirms the transaction. In many countries kryptavalyuty used as an alternative currency. Bitcoin was added in 2009 as the first decentralized cryptocurrency. After that, the market & # 39 there are many different cryptocurrency. They are commonly known as Altcoins. These currencies are used decentralized management as opposed to the centralized digital money systems and the central bank.

Distributed management uses bitcoin transaction database as a paid book. encryption apparatus generates decentralized cryptocurrency at a predetermined price, which communicates society. In the case of Central Banking and the Federal Reserve Directors and the Governing Council of Governments providing currency through printing unit of cash, and the exchange is carried out with digital banking books. However, in a decentralized cryptocurrency company or government can not produce new structures or to provide support to various companies, banks or companies that have asset.

Satoshi Nakamoto Group has established the basic technical gadget for decentralized kryptovalyut. Almost a thousand cryptocurrency was set up in September 2017, most of which is comparable with bitcoin. In systems cryptocurrency security, integrity and ledgers are maintained with the help of the team mutually suspicious parties, who are called by miners, with the result that the general public is checked by the use of their computer & # 39; computer systems and Tempmarks transactions are supported by a specific pattern of timestamps. Miners to ensure security registration cryptocurrency for economic reasons.

Most cryptocurrency constantly minimizes the production of currency, limiting the total amount of currency in circulation and imitating precious metals. Unlike conventional currency stored by monetary institutions, such as keeping cash available, kryptavalyuty difficult to capture by law enforcement agencies. This question is related to the use of cryptographic techniques. Law enforcement officers are faced with this problem in the "Silk Road", which bitcoin Ulbricht script was "encrypted". Crypto-currencies such as bitcoin – aliases, although add-ons such as Zerocoinhave, offered to provide true anonymity.

Some unknown person or persons using the title of Satoshi Nakamoto added and in 2009 the first digital currency Bitcoin. As a working scheme it used cryptographic hash function SHA-256. Namecoin was located in April 2011. Earlier Litecoin was issued in October 2011 Scrypt held hash function. Cryptocurrency, Peercoin used as proof of the hybrid operation. IOTA is not used blockchain, it uses a ball. Divi project is built on an individual blokcheyne it makes it easy to buy and sell currency in your wallet and use information that can not be defined with the public for transactions. Subsequently, there have been many unique cryptocurrency, but only a few have been successful because they lacked technical innovation.

The first bitcoin ATM was installed in Texas, USA February 20, 2014, the creators of Robocoin Jordan Kelly. This was identical to the ATM banking ATM, but he studied the identification such as a passport or driving license user with a scanner. In 2017, in different countries, it was found nearly 1574 ATMs with Bitcoin, and 3 ATMs per day were connected in 2017.

Legal growth cryptocurrency deviates strongly from country to country and many of them still remain. Although some countries have explicitly approved their use and trade, while others have banned it. Furthermore, various government institutions in various ways restricted bitcoins. In 2014, China's central bank has banned the treatment of Bitcoin China's financial institutions. In Russia, however, cryptocurrency legitimate, although the purchase of goods other than the Russian ruble crime using other currencies. US Internal Revenue Service allowed the tax on capital gains bitcoin, 25 March 2014 This judgment clarified the legality of Bitcoin.


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