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Frequently Asked Questions
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This works fine. The htmlcoins will appear next time you start your wallet application. HTMLCOIN are not actually received by the software on your computer, they are appended to a public ledger that is shared between all the devices on the network.
Most transactions can be processed without fees, but users are encouraged to pay a small voluntary fee for faster confirmation of their transactions and to remunerate miners.
Transaction fees are used as a protection against users sending transactions to overload the network.
The price of a HTMLCOIN is determined by supply and demand.
HTMLCOIN have value because they are useful as a form of money.
New htmlcoins are generated by a competitive and decentralized process called “mining”. This process involves individuals that are rewarded by the network for their services. HTMLCOIN miners are processing transactions and securing the network using specialized hardware and are collecting new htmlcoins in exchange.
When a user loses his wallet, it has the effect of removing money out of circulation. Lost htmlcoins still remain in the block chain just like any other htmlcoins. However, lost htmlcoins remain dormant forever because there is no way for anybody to find the private key(s) that would allow them to be spent again.
HTMLCOIN is designed to allow its users to send and receive payments with an acceptable level of privacy as well as any other form of money.
Much of the trust in HTMLCOIN comes from the fact that it requires no trust at all. HTMLCOIN is fully open-source and decentralized.