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Cryptocurrency is a digital payment system that does not rely on banks to verify transactions. It is a peer-to-peer system that can send and receive payments anywhere. Instead of carrying and exchanging physical money in the real world, cryptocurrency payments exist in an online database describing specific transactions. When you transfer cryptocurrency funds, the transaction is recorded on a public lease. Cryptocurrency is stored in digital wallets. It is a virtual currency . That is the reason all cryptocurrencies are treated as digital currencies though all digital currencies are not crypto. Cryptocurrency has its name because it uses encryption to monitor transactions. This means that cryptocurrency data between advanced coding wallets and public lasers is associated with data storage and transmission. The purpose of encryption is to provide security and security. The first cryptocurrency was Bitcoin, which was founded in 2009 and is still known today. While most cryptocurrencies

The term "virtual currency" refers to a completely unfamiliar medium that is not a legal tender but can be replaced by a legal tender. The term "virtual currency" has recently created an additional connection that is only available in electronic or digital form and is used only as a means of exchange between members of the Internet or virtual currency society. Virtual currency can be used to buy virtual currency or to play online games, social media, or corporate loyalty programs. A digital currency subset is " cryptocurrency ", that means an online-based digital currency in which cryptography validates the ownership of a certain value. Its price is different from its market-rate Compared to commodity-based currencies, which receive their intrinsic value through the central authority, cryptocurrencies are not legal tender and therefore their use includes an agreement between the parties for a transaction. Bitcoin, for example, has no physical existence, a

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