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The advantage of cryptocurrency is that it uses blockchain technology. The network of nodes the make up the blockchain isn’t regulated by any centralized company. No one can tell the miners to update, speed up, slow down, stop or do anything. And that is something that as a devoted promoter badge of honour, and is identical to the way the Internet operates. But as you understand now, public Internet governance, normalities and rules that govern how it works present built-in problems to an individual. Blockchain technology has none of that. For most users of cryptocurrencies it isn’t crucial to understand how the process functions in and of itself, but it is essentially vital that you understand that there is a process of mining to create virtual money. Unlike currencies as we understand them now where Authorities and banks can only choose to print endless amounts (I am not saying they’re doing so, just one point), cryptocurrencies to be operated by users using a mining application, which solves the sophisticated algorithms to release blocks of currencies that can enter into circulation.

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