Low market value, high return rate, most potential cryptocurrency
In order to achieve digital cashing, a payment network, including accounts, balances and transactions, is required. This is easy to understand. A big problem that all payment networks must address is to prevent so-called double spending. This is to prevent an entity from using the same amount twice. Typically, this is done by a central server that records the balance.
In a distributed network, this server does not exist. Therefore, you need every entity on the network to do the job. All peers in the network, in order to check whether the future of the transaction is valid or not, or two attempts to spend, it is necessary to list all transactions.
But how do these entities maintain a consensus on this record?
If the network companion disagrees with only a small balance, everything will be destroyed. They need an absolute consensus. Usually, you also have a central authority to declare the correct balance status again. But how do you reach an agreement without central authority?
No one knew until Jiri came out from anywhere. In fact, no one believes this is possible.
Satoshi knows this. His main technological innovation is to reach an agreement without central authority. The cryptocurrency is part of this solution. It helps make the solution thrilling and deployed around the world.
What is cryptocurrency?
Remove all noise involved in the cryptocurrency and reduce it to a simple definition. The entries in the database become very limited. If you don’t meet certain conditions, you won’t be able to change everyone.