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Decentralized cryptocurrency is produced by the entire cryptocurrency system collectively at a rate which is defined when the system is created and which is publicly known.

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The validity of each cryptocurrency's coins is provided by a blockchain. A blockchain is a continuously growing list of records, called blocks, which are linked and secured using cryptography.Each block typically contains a hash pointer as a link to a previous block, a timestamp and transaction data. By design, blockchains are inherently resistant to modification of the data. a blockchain is typically managed by a peer-to-peer network collectively adhering to a protocol for validating new blocks. Once recorded

The block time is the average time it takes for the network to generate one extra block in the blockchain.[21] Some blockchains create a new block as frequently as every five seconds.