Tag: cryptocurrency

Cryptocurrency is a digital asset used for trading where Individual coin ownership records are recorded in a ledger that exists in the form of a computerized database utilizing the strong encryption to safeguard transaction records, control the creation of further coins, and verify the transfer of coin ownership.

It is not normally issued by a central authority and does not exist in physical form (like paper money). In contrast to centralized digital money and central banking institutions, cryptocurrencies often use decentralized control. A cryptocurrency is deemed centralized if it is minted or manufactured prior to issuance, or if it is issued by a single issuer.

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