CRYPTO THE FUTURE

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24 Dec 2023
16

A cryptocurrency, often shortened to crypto, is a digital or virtual currency that uses cryptography to secure and verify transactions as well as to control the creation of new units of currency. Cryptocurrencies are decentralized and operate independently of central banks or governments.
Crypto Function The main functions of cryptocurrencies such as Bitcoin, Litecoin, Ethereum, and Ripple are: Decentralized Transactions Cryptocurrencies allow decentralized transactions, meaning they do not rely on a central authority such as a bank to process or verify transactions. Instead, transactions are verified by a network of users on the blockchain, which is a public ledger. In this article, Nakamoto describes the cryptocurrency asset project as an electronic payment system based on cryptographic evidence, not just trust. The cryptographic proof exists in the form of transactions that are verified and recorded in a program called a blockchain.

That's a little explanation about crypto hopefully useful for you guys.

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