What is cryptocurrency?

What is cryptocurrency?
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1 Answer

Answer :

Cryptocurrency is a form of payment that can be exchanged online for goods and other services. Many companies have issued their own currencies, often called as tokens, and these can be traded specifically for the goods or services that the company provides. Think of them as you would of video parlour coins, arcade tokens or casino chips. You’ll need to exchange real currency for the cryptocurrency to access the good or service. Cryptocurrencies work using a technology called blockchain. Blockchain is a decentralized technology spread across many computers that manages and records transactions.
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