Cryptocurrency

  • Cryptocurrency, in overly simple terms, is basically internet money—the most popular form of which is Bitcoin. In more complicated terms, it’s a decentralized digital currency. That means a network of users keep a public transaction ledger so everyone knows where people spend them, trade them, or move them. It still works like real money, but the transaction is publicly recorded for everyone to verify, and impossible to counterfeit. If you’re interested, we have a more in-depth explanation of Bitcoin here.

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