At each stage of the passage of a sum of money through various financial institutions, it is check for compliance with the incoming parameters. Previously, this was done simply manually, now most operations are perform by computer programs. However, the essence of the process has remain the same: to prevent unjustifi emission, a method of multiple checks is us.**
The situation with cryptocurrency is fundamentally different from the state of affairs in the fiat money sphere:
There is a complete lack of control infrastructure
Are no analogues of paper embodiment of crypto-money of a single denomination;
There are fundamental limitations on legal emission.
Blockchain – what is it in simple words and what is it for: the essence of blockchain technology
In any case, the cryptocurrency itself is a simple electronic record. Combin with the above features, it seems extremely difficult to ensure the “uniqueness” of each such record. (In the case of Bitcoins, to ensure that each Bitcoin is unique and does not periodically have “doubles”). In fact, we are talking about the ne to implement a asia mobile number list mechanism that will ensure the very existence of the cryptocurrency. And with its invention, virtual currency receiv a simple opportunity to exist. The name of this mechanism is blockchain technology.
Due to the fundamental importance
This technology for Blockchain System understanding the reliability of cryptocurrencies (for example, for the purposes of subsequent investment in them), it seems reasonable to analyze this topic in detail by components in order to understand the principle of operation of any cryptocurrency system.
So, blockchain – what is it in 7 post-conversion actions to increase customer loyalty simple words and what is it for – is a continuous sequential chain of blocks ( link list ) built according to certain rules, containing information. Most often, copies of chains of blocks are stor and independently of each other (extremely parallel) process on many different computers.
We suggest considering blockchain technology
What is it in simple Blockchain System words for dummies using the example of cryptocurrency. However, this does not mean that this technology is applicable only in the financial sector. It can be us everywhere, even for aero leads organizing the maintenance of outpatient mical records (!!!)
