Tag: Cryptocurrency News

What Is Cryptocurrency and What Is It Used For?
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What Is Cryptocurrency and What Is It Used For?

A cryptocurrency is a form of digital currency that can be used to make payments online. It is also a way for people to store value without relying on traditional banks or governments. Cryptocurrencies run on a technology called blockchain, which makes them decentralized. This means that transactions are recorded across a network of computers and are tamper-proof. Form of digital currency A cryptocurrency is a form of digital currency that does not have any legal or legitimate value. The technology that underpins it is called blockchain and the currencies are created by a process known as mining. Cryptocurrencies are not issued by governments or banks, and they are managed by peer-to-peer networks of computers using free, open-source software. Users can purchase cryptocurrencies fr...