# Basic principles of cryptocurrency

**Published by:** [StarGazer](https://paragraph.com/@stargazer/)
**Published on:** 2023-08-28
**URL:** https://paragraph.com/@stargazer/basic-principles-of-cryptocurrency

## Content

Basic principles of cryptocurrency:Cryptocurrency works on the basis of blockchain technology, which is a chain of blocks containing information about all transactions made with a given cryptocurrency. Each block contains a hash of the previous block, which ensures the integrity of the chain. Transactions on the blockchain are verified and validated by a network of participants known as miners.

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