Brand new invention that will change the way the production and definition of money : Crypto Coins
Everyone at least once in life for the “Bitcoin” concept has heard of. Heard of it, we can tell those who have. According to some people, digital cash, and the accompanying discovery of blockchain technology to change the world, while some people only perceive this technology as a currency. Here we will talk about what it is because it is made of crypto money. If you're wondering if what they are of money in crypto, you can browse our other posts. Now, sit back and get ready to learn how to do the production of crypto currency. A long post is waiting for you!
Crypto coins how is it generated?
We can say that there is more than one answer to this problem. Different crypto currencies currently available and even if most minor in 1278 has a feature that is different from other religions. Crypto coins in the production of more than one method is available. These methods can basically be divided into three categories; proof of work (PoW – proof of work done), proof-of-Stake (PoS – proof of value owned) and controlled by the developers or a fixed amount of production.
So, without further ado, let us examine briefly all three methods together. Proof of work called New Religions in the method to be used in the manufacturing of electronic devices (that ASIC devices, graphics cards and processors may be included) a specific mathematical algorithm to produce a solution and found current solution should be added to the block chain. Adding a new block that uses the POW method and the solution found to all the new koin new for women means that will be produced. Also the miner that found the solution (solving the algorithm in the event of mining, the miner who solved the person is called by the system before sending it to some existing solution, including the solution of pending transfer transfer fees may be collected. Thus, the solution gained from the reward will be greater. Bitcoin as an example, I ethereu, Litecoin, Vertcoin can be given.
We can say to make it more understandable, say, the algorithm found a solution you have, and you want to share your solution with people, the solution you get when you share the block Award, get money 10 crypto as an example. The solution together with the operations of the people who made the money transfer as well if you want to include, so I found a solution, and water transfers, I can also confirm, the money can be transferred if you say” transfer fees you receive as reward. Transfer-how we'd tell you more on our other articles too we're not stopping.
Proof-of-Stake method, the situation is different. The production of new crypto currency is provided automatically by the system after a certain period of time has passed and a certain amount of money in your wallet with other people on the crypto people who have proportionally is going to have a new concert. It also may be explained as follows, say Cenk, Hassan Omar and their women, and this new chain is produced by the method of KOIN POS. Cenk 100, 200 and 300 Omar Hasan koine) has. The new KOIN 6 that are produced every two minutes, assuming the system every two minutes checking the numbers, existing balances and KOIN sees three friends. Then by adding up the number of this. 100+200+300 = the number of reaches 600 and 6, dividing by 1/100 is the number 600. Then, the system “whoso has a Koine for him, if I'm giving an extra coin than 1/100” koin is looking at the number of friends and these three. Cenk ni Koi 1 coin for 100, 200 and 300 koi ni Koi ni Omar Hasan KOIN KOIN gives him for him for 2 and 3 occurs in the new block. After the procedure, Cenk 101, 202 Omar Hassan is going to have koine 303, and the ratio between them remains constant.
In this system, you don't need to do anything for a reward. Created and produced having a certain amount is sufficient for each new block new Koine KOIN KOIN are distributed proportionately. Here you can find elves in the sample.
In the control of the developer supply
The last method we can say that the production of money is controlled by the developers. In fact, this method is much simpler than the other two methods. The production of money and the new coins will be produced entirely in the hands of the developers and by the developers of the method is determined. Some currencies are putting dollars into the bank vault to produce a new one and a new one who produces prevents the production of a coin to produce a certain amount of the total. This method best example Tether (USDT) can be given.
Hopefully crypto religions has been useful for our esteemed readers who are concerned with the production of a post. Remember to let us know your feedback in the comments �