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How does cryptocurrency work eli5

How does cryptocurrency work eli5

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What is the Core Purpose. How do Cryptocurrency Exchanges Work. Collect Your Rewards You have in discussions about complex terminology.

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Monero: Where Cryptocurrency Meets Cryptography. The trade-offs CAP are being carefully weighed by researchers because every attempt at increasing blockchain throughput has resulted in another variable increasing the cost of reaching consensus. Money transfers happen chronologically and a secure, often permanent, record must be kept of each operation. This illustrates how blockchains do not allow any part of the data to be modified, not even the order with which identical data gets stored. Once transactions are recorded, the data in any given block cannot be altered retroactively without the alteration of all subsequent blocks.