The notions of digital cash and smart contracting have been known for a long time, yet only in recent times have strides been taken with respect to implementation. A cryptocurrency (or crypto currency) is a digital asset designed to work as a medium of exchange that uses strong cryptography to secure financial transactions, control the creation of additional units, and verify the transfer of assets.
Cryptocurrencies are known for many years and have been successfully used in payments around the world. The permanently growing demand leads to the evolution of technologies and new coins come out with advanced functionality. Therris Blockchain is a decentralised ledger, designed to support a secure cryptocurrency that will have the ability to serve as an efficient payment medium worldwide.
Therris is authenticated by public key cryptography and without verification between two parties, a transaction cannot take place. Transactions are based on predefined and, in future versions, user-defined smart contracts.