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Here's more about what cryptocurrency is, how to buy it and how to protect yourself.
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It uses cryptography (the practice you can do a number of things with cryptocurrencies, depending on which one you are working with.
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You may be familiar with the most popular versions, bitcoin and ethereum, but there how does cryptocurrency work?
A decentralized digital medium of exchange which is created, regulated, and exchanged using cryptography and open source software. A decentralized digital medium of exchange which is created, regulated , and exchanged. Definition of cryptocurrency in the definitions.net dictionary. The account keeping is done in a distributed manner. A cryptocurrency is an encrypted data string that denotes a unit of currency. Cryptocurrencies are digital coins that aren't controlled by a central authority but through a network of equally privileged participants that that's the definition of a cryptocurrency in a nutshell. Generally, cryptocurrency transactions are processed and completed via a blockchain network. Since the appearance of the first cryptocurrency in 2009, the number of its followers has steadily increased. Here's more about what cryptocurrency is, how to buy it and how to protect yourself. Read the definition of cryptocurrency and many other financial terms in investing.com's financial glossary. Cryptocurrency synonyms, cryptocurrency pronunciation, cryptocurrency translation, english dictionary definition of cryptocurrency. Like real currencies, cryptocurrencies allow their owners to buy goods and services, or to trade them for profit. This definition explains the meaning of cryptocurrency and why it matters.