WebSep 28, 2024 · Cryptocurrencies are:. Digital: Cryptocurrency is digital money (or digital currency, it means the same thing).This means that it only exists in … A cryptocurrency, crypto-currency, or crypto is a digital currency designed to work as a medium of exchange through a computer network that is not reliant on any central authority, such as a government or bank, to uphold or maintain it. It is a decentralized system for verifying that the parties to a transaction have the money they claim to have, eliminating the need for traditional intermediaries, s…
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