Thailand are the subsequent nation to roll out a brand new spherical of cryptocurrency rules. No one owns the blockchain, however it's distributed among the group of users - it is a "distributed ledger." "Miners" (which is admittedly not an apt description of what these people do) compete to form the following block within the chain - basically their job is the counterpart of what happens in the clearing and settlement process in a centralized financial system, similar to interbank funds.<br> <br> <br> <br>