First of all what is the crypto currency?
Pull money out of the bank and buy things. A revolution is about to take place in this common "thing".
To begin with, the bank's cause is our "credit". We pay the fee as a substitute for the bank acting as an intermediary for borrowing and borrowing money.
So, what kind of revolution is going to happen to this ordinary system?
When searching for encryption currency with Wikipedia ...
The cryptographic currency is a virtual currency that secures the security of transactions using cryptographic theory and controls the new issuance. The cryptographic currency is one of the alternative currencies, especially one of the digital currencies. In 2009 the bit coin appeared as the first decentralized encryption currency.
Is not it that people who heard for the first time suffer from understanding? First of all, there is a mechanism called block chains for encryption currency.
Let's imagine with familiar things so that even elementary school students chew only the important part.
【Crushing part】
Encryption currency = Aspan (worthy thing everyone wants)
Cryptology theory (block chain) = Seating order of school class (friends in front and back, left and right)
Digital currency = mouthfulness (mono that does not exist on the spot)
Alternative currency = change of worthy things (Apenpan instead of money)
Bit coin = one of the encryption currencies
Distribution = interaction between students whose teacher does not intervene
Let's imagine with the above in mind.
[Image description]
One day before school meal, Mr. A made a milk and B made a promise to exchange Aspan respectively. So they talked about promises to friends in front and back, left and right, that they forgot by petty.
Well actually it was time for school lunch A got Apenpan as promised. However, Mr. B did not receive milk from A.
A, you are a teacher (adult) is because there is no reason "I have not promised such". However, friends in front and back, left and right became the guarantor (block chain) of promise, and A was obliged to keep promise firmly.
Like the image above, the crypto currency is a valuable thing for the group, and it will be substituted as money.
And, as for the elementary school student called Aspan (encryption currency), promises (transactions) are established one by one even if there is no existence like a teacher (broker), friends back and forth, right and left guarantee of promise It is formed by a network called a person (block chain).
Good value for group ...
The value of money (encryption currency) overrides the rule of the country and country and goes over.
There is no existence (intermediary) like a teacher ...
In other words, there is no bank in the current mechanism, first of all, no commission is required. ※ In practice it costs a small fee.
It is said that this is said to be a revolution in the current mechanism, it is a reason.
Indeed, guarantors (block chains) promised by friends around the world will play the role and credibility guaranteed by the country and bank rightly instead.
Is not it possible to say that human beings are trying to fuse the current technology and the system that was around living by barter trading a long time ago?