An explanation of cryptocurrency’s benefits and drawbacks for investing
Cryptocurrency: What Is It?
A cryptocurrency is a kind of digital or virtual money that is protected by cryptography and is very difficult to fake or spend twice. The majority of cryptocurrencies are stored on decentralized networks that employ blockchain technology, which is a distributed ledger maintained by many computer networks.
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The fact that cryptocurrencies are often not issued by a single entity makes them potentially resistant to manipulation or intervention by the government.
Recognizing Cryptocurrencies
Digital or virtual currency supported by cryptography technologies are known as cryptocurrencies. They make it possible to make safe online payments without the need of middlemen. "Crypto" refers to the several cryptographic methods and enc...