# Digital Currency 

By [Virat Singh](https://paragraph.com/@virat-singh) · 2023-03-22

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Digital currency

A cryptocurrency is a digital currency, which is an alternative form of payment created using encryption algorithms. The use of encryption technologies means that cryptocurrencies function both as a currency and as a virtual accounting system.

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*Originally published on [Virat Singh](https://paragraph.com/@virat-singh/digital-currency)*