Bitcoin has no central management and issuers. Transactions digitally signed between the two nodes are sent to all nodes of peer-to-peer network, and the data on the movement of funds stored in a distributed database. To prevent the possibility of spending other people's money, or the use of their money twice used cryptographic methods.
Short cryptocurrency it’s a money what ideally suited for the operation of the Internet, or in such networks, if they are created. Examining the topic cryptocurrency worth mentioning one more digital currency which has recently become popular. It - Laytkoin. At its core, this is the same cryptocurrency, except that the algorithm of its transactions is slightly faster from transaction Bitcoins. To draw an analogy with medieval Europe in which cash settlements bimetallism prevailed, the bitcoin and litecoin comparable to gold and silver. As a medium of exchange and crypto bitcoin and litecoin not lonely, today they already comprise dozens of different exchange quotations.
Concluding this short review, I note that cryptocurrency has the opportunity and potential to become the currency of the future. Especially if the global economic system will continue and evolve. Time will show.
