Cryptocurrency is a digital payment system that does not rely on banks to verify transactions. It is a peer-to-peer system that allows anyone anywhere to send and receive payments. Instead of carrying and exchanging money in the real world, cryptocurrency payments exist in the form of digital entries to an electronic database describing specific transactions. When money is transferred in cryptocurrency, transactions are recorded in a public ledger. The cryptocurrency is stored in digital wallets.
The cryptocurrency got its name because it uses crypto
1 year ago
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