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A cryptocurrency is a digital currency that was created to be used as a medium of exchange and that makes use of cryptography to protect financial transactions from being intercepted or stolen.
Rather than relying on a centralised digital currency and central banking system, cryptocurrencies maintain a decentralized level of control over their transactions. The decentralised control of each cryptocurrency is achieved through the use of distributed ledger technology, which is typically a blockchain, which serves as a public financial transaction database for the entire cryptocurrency network. Because of the decentralized structure, they are able to exist independently of the government.
Bitcoin is widely regarded as the world’s first decentralized cryptocurrency; it was first released as open-source software in 2009 by an individual or group going by the alias “”Satoshi Nakamoto.”” Bitcoin is a digital asset that is decentralized in nature. Since the initial release of Bitcoin, over 4,000 different bitcoin variants and other cryptocurrencies have been introduced into the market. It continues to be the most widely used and most valuable among the various currencies.
Download Cryptocurrency PDF [Cryptocurrency]
|Post Updated Date||August 2, 2021|
|No of Pages||23|
|Size of File||1.44 MB|
- Binance Coin
- USD Coin
- Binance USD
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