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Peculiarities of cryptocurrenciesCryptocurrencies are a new type of digital money, which has long been in use and is actively used in electronic payments. What are the characteristics of such digital currency? Adaptive scaling. There are a number of rules for cryptocurrencies that ensure their normal functioning at different scales. Cryptogr...

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Cryptocurrency is digital money, of which there is no fiat analogue. Crypto-currency differs from other electronic currencies in that it is protected and encrypted using special cryptographic algorithms. The main feature of the cryptocurrency is its decentralization, independence from a single control center. No bank, government agency or private organization can manage cryptocurrencies and influence the transactions made within the system, because the data on the processes is stored on many devices simultaneously. This information cannot be tampered with or altered by one person at will, which means that cryptocurrency is protected from digital fraudsters. All these features are provided by blockchain technology, the principles of which the cryptocurrency operates on. Blockchain is a distributed network whose nodes are not controlled by a single center and form an autonomous system for storing information. All devices that join the chain receive a file with all the data ever recorded on this network. The stored information forms blocks that are available for public viewing but are not subject to backward modification.

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