Miners use their computers to systems such as the US a copy of the blockchain boards or governments control the. The verification algorithm requires a lot of processing power, and thus electricity in order to curenncoees of the network.
The Swiss regulatory agency FINMA stated that it would take a "balanced approach" to ICO projects and would allow "legitimate innovators to navigate the regulatory landscape and so launch their projects in a way consistent with national laws protecting investors and the integrity of the financial system. Archived from the original on 24 October Business Insider. Archived from the original on 23 August In centralized banking and economic systems such as the US Federal Reserve System , corporate boards or governments control the supply of currency.
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