Decentralized cryptocurrency
Decentralized cryptocurrency collectively produces the entire system of cryptographic services at the speed defined during the creation of the system and is publicly known. In centralized banking and economic systems, such as the Federal Reserve System, administrative committees or governments control the supply of money by printing units of fiduciary money or by requiring complementary digital books. In the case of decentralized cryptography, companies or governments can not produce new units and have not yet backed other companies, banks or entities that have the value of the assets. The basic technical system based on decentralized cryptocurrencies has been created by a group or individual known as Satoshi Nakamoto.
As of May 2018, there were more than 1,800 cryptocurrency specifications. In the crypt security system, the security, integrity, and balance of records are maintained in a community of so-called minor parties using your computer to help verify and carry out transactions over time . Add to the record according to a particular schedule.
Most cryptocurrency are designed to gradually reduce the production of this currency by limiting the total amount of those coins that will be in circulation. Compared to ordinary currencies held by financial institutions or maintained
money in hand, the police can be harder to catch . This problem comes from the exploitation of cryptographic technologies.
Steepshot