Features and Working Cryptocurrencies

Features and working of Cryptocurrencies FEATURES >Cryptocurrency has no physical form and it exists only in the network. >It has no intrinsic value, which means, it is not redeemable for another item, like - sliver, gold, etc. > This network is completely decentralized, which means its supply is not determined by banks. HOW DOES CRYPTOCURRENCY WORK? Then the request gets By using the algorithms, Investors make requests broadcasted to the peer to the network of the node for transactions. peer network consisting of verifies the user's status. computers, called nodes. ... After completing the validation Then the new block is added Then the transaction is process, the transaction is to the existing blockchain, in successfully completed. combined with other such a manner that is transactions to form a new unalterable and permanent. block of data for the ledger.