Sentences with phrase «generation of units of currency»

While traditional currencies are issued by banks, cryptocurrencies operate under a decentralized model in which advanced encryption techniques regulate the generation of units of currency, and verify the transfer of bitcoins between accounts.

Cryptocurrency - A cryptocurrency is a digital currency that uses cryptography and encryption techniques to regulate the generation of units of currency and to verify the transfer of funds.

Bitcoin, the world's most recognizable digital currency, uses encryption techniques are to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank.

Developed with encryption techniques to regulate the generation of units of currency and verify the transfer of funds, Bitcoin operates independently of a central bank, and has boomed in recent years.

Bitcoin is a type of digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds.

Bitcoin, currently known as the dominant virtual currency, features encryption techniques used to regulate the generation of units of currency, verify the transfer of the funds and operate independently.