Post
Topic
Board Bitcoin Discussion
Re: Is there difference between bank and cryptocurrency exchange
by
Jennifer Daviess
on 15/07/2018, 14:16:09 UTC
Cryptocurrency uses a distribution network to allow peer-to-peer trading systems, peer-to-peer transactions without the need for third parties. For security, the code uses mathematical algorithms and a public ledger.
To ensure every transaction is legitimate, each account and the virtual amount that the account holder wants to spend are linked together by complex mathematical equations. Users, often referred to as "miners", use their computer resources to solve equations and often receive a small amount of money.