Structuring
From BitcoinWiki
This is the approved revision of this page, as well as being the most recent.
The structure of the cryptocurrency on items of any cryptocurrency is its structure, which shows a contrast to what it was previously.
- Cryptocurrency does not have a single internal or external administrator, that is, the system is 100% self-organizing and independent.
- The Central server is also missing. This is a decentralized system, and the database is not stored in one place, because copies of it are available to each participant of the system, which are regularly checked with each other.
- Any payment is encrypted with a secret key, available only to the owner of the funds.
- Each participant has its own special address (wallet) and key (that is, password).
- The new block is added to the system in a consistent manner in distributed databases, together with information about all transactions.
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