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For beginners, the easiest way to understand it would probably be calling it 'virtual money since that is one of its key features:
this concept is revolutionary because these are digital assets, which in the past required someone to verify. Cryptocurrency — also known as crypto — is a digital currency designed to work as a medium of exchange. A cryptocurrency is a new form of digital money. It was the beginning of cryptocurrencies — the beginning of a new era. Here's more about what cryptocurrency is, how to buy it what is cryptocurrency? a cryptocurrency is a digital medium of exchange using strong cryptography to secure financial transactions, control the creation of additional units and verify the transfer of assets. A system that replaces the concept of mining with a consensus algorithm, whereby miners put up a. Learn all you need to know with this binance academy guide! Cryptocurrency is a digital currency for which encryption techniques are used to regulate its use and generate its release. Cryptocurrency exchanges are on the rise, but investing in this market comes with challenges. Read about cryptocurrency, how secure it is and how to protect yourself from scams. In case you did not know, it all started with the cypherpunk movement in the 1980s. Cryptocurrencies, also known as many other terms like kryptovaluta , were invented after bitcoin came around in 2009.
