This means finding a ‘hash’, which represents all the details in the block of transactions, by solving a cryptographic problem using brute computing power. The cryptographic problem is designed to take about 10 minutes to solve. 12 By issuing a permissioned, private, hierarchical and closed-source crypto-currency.
The mix of lower Eurozone inflation and expectations of additional central bank liquidity appear to have been key in driving Eurozone government bond yields lower this year; and in turn, this may be another reason why yields on major emerging bond markets, like South Africa, have also trended lower.