Cryptocurrency

Cryptocurrency is a digital asset / virtual currency designed to work as a medium of exchange that uses strong cryptography to secure financial transactions, control the creation of additional units, and verify the transfer of assets.

 

Cryptocurrency is a digital asset / virtual currency designed to work as a medium of exchange that uses strong cryptography to secure financial transactions, control the creation of additional units, and verify the transfer of assets. Cryptocurrency uses cryptography to secure and verify transactions as well as to control the creation of new units of the cryptocurrency. Cryptocurrencies utilize a decentralized system of control rather than being controlled by a centralized banking authority as is typical for traditional currencies. The decentralized control of each cryptocurrency works through distributed ledger technology, typically a blockchain. Bitcoin is the most popular cryptocurrency.
 

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