![]() ![]() ![]() Instead, it uses a technology called blockchain to record transactions and manage the issuance of new units.The most well-known cryptocurrency is Bitcoin, but there are many others such as Ethereum, Ripple and Litecoin.Cryptocurrency operates independently of central banks which makes it more secure and resistant to fraud.Transactions are processed quickly and efficiently, with low transaction fees when compared to traditional banking methods. In this blog post, we will explore the basics of cryptocurrency, how it works, and the advantages it offers.By the end of this post, you will have a better understanding of what cryptocurrency is all about.What is Cryptocurrency?Cryptocurrency is a type of digital or virtual currency that uses cryptography for security.It is decentralized, meaning that it is not controlled by any government or financial institution. ![]() Cryptocurrency has taken the financial world by storm and captivated the attention of people around the world.It has been a buzzword that we hear everywhere but getting to grips with it can be quite daunting.In simple terms, cryptocurrency is a digital or virtual currency that uses cryptography for security.It is decentralized, meaning it is not controlled by any government or financial institution. ![]()
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