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The advantage of cryptocurrency is that it uses blockchain technology. The network of nodes the make up the blockchain is not governed by any centered company. No one can tell the miners to upgrade, speed up, slow down, stop or do anything. And that is something that as a dedicated promoter badge of honor, and is identical to the way the Internet functions. But as you understand now, public Internet governance, normalities and rules that regulate how it works present inherent difficulties to an individual. Blockchain technology has none of that. For most users of cryptocurrencies it isn’t necessary to comprehend how the procedure functions in and of itself, but it is fundamentally important to comprehend that there is a procedure for mining to create virtual money. Unlike currencies as we know them today where Authorities and banks can simply select to print unlimited amounts (I ‘m not saying they are doing thus, just one point), cryptocurrencies to be managed by users using a mining program, which solves the complex algorithms to release blocks of currencies that can enter into circulation.

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