© The Author(s), under exclusive license to APress Media, LLC, part of Springer Nature 2022
S. GomzinCrypto Basicshttps://doi.org/10.1007/978-1-4842-8321-9_3

3. How Other Cryptos Work

Slava Gomzin1  
(1)
Frisco, TX, USA
 

There are no rules of architecture for a castle in the clouds.

—G.K. Chesterton

Remember the old saying, “Time is money”? Assuming a clock is a decent representation of time in motion, and a payment system is a way to move money, what is common between a clock and a payment system? The first things that come to my head are consistency and predictability. As much as you expect a particular behavior from your clock – displaying the precise time as long as it has a mechanical or battery power – you also anticipate very specific, preprogrammed ...

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