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How Cryptocurrency really works | what's bitcoin, dogecoin, btc, xrp & cardano?

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Cryptocurrencies have grown into a worldwide phenomenon that most people are aware of but few understand. In 2018, almost all the large banks, accounting firms, software businesses, and even governments have examined cryptocurrencies or initiated a blockchain project. Many individuals struggle to grasp the fundamental concepts of cryptocurrencies. Today, in this video let us try to understand them in layman’s terms and understand bitcoin news.

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Cryptocurrencies are virtual currencies protected by encryption that makes it impossible for people to counterfeit or reuse them. These cryptocurrencies use blockchain technology like shiba inu coin. Blockchain is a distributed ledger having a global network of computers.

The major difference in cryptocurrencies is that they are not issued by any central authority. Thus, such transactions remain impervious to government intervention or manipulation. It is possible to make safe online payments without the involvement of third-party payment processors.

The term “crypto” refers to a variety of encryption methods and cryptographic approaches, such as elliptical curve encryption, public-private key pairs, and hashing algorithms. Cryptocurrencies may be mined or purchased through cryptocurrency exchanges.

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2 Comments

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