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Mar 15

What is cryptocurrency and how does it work?

Cryptocurrency is a digital or virtual currency that uses cryptography to secure and verify transactions and to control the creation of new units. Cryptocurrencies are decentralized, which means they are not subject to government or financial institution control. Cryptocurrencies operate on blockchain technology, which is a distributed ledger that records all transactions. A blockchain is a public database that stores every transaction ever made in the network. When a new transaction is made,...

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