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What is a cryptocurrency and how does it work?
Cryptocurrencies are digital assets that rely on an encrypted network to execute, verify, and record transactions, independent of a centralized authority such as a government or bank. Cryptocurrency was developed as an alternative to the dollar, and its functions can make it an attractive investment.What is a cryptocurrency blockchain?
A cryptocurrency blockchain is similar to a bank’s balance sheet or ledger. Each currency has its own blockchain, which is an ongoing, constantly re-verified record of every single transaction ever made using that currency. Unlike a bank’s ledger, a crypto blockchain is distributed across participants of the digital currency’s entire networkHow secure is cryptocurrency?
It’s secure because all transactions are vetted by a technology called a blockchain. A cryptocurrency blockchain is similar to a bank’s balance sheet or ledger. Each currency has its own blockchain, which is an ongoing, constantly re-verified record of every single transaction ever made using that currency.What are the signs of cryptocurrencies?
There are several signs of such cryptocurrencies: They have a company that issue the cryptocurrency, unlike Bitcoin new coins are supplied through a distributed and decentralised network that anyone can take part in.