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What is cryptocurrency?

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What is cryptocurrency? Cryptocurrency is a form of digital currency. Unlike the dollar, which is “fiat money,” or government-backed currency, cryptocurrency is decentralized and based on blockchain technology.

A blockchain is a system of verifying and recording transactions through a digital “ledger” that’s distributed among many computers.

This system makes cryptocurrency more secure than other digital currencies. Plus, because no one is in charge of a central database, there is no danger of someone stealing your cryptocurrency, and it isn’t as affected by fluctuations in the value of the dollar.

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