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A cryptocurrency (or crypto forex) is a virtual asset designed to paintings as a medium of trade that uses strong cryptography to comfortable financial transactions, control the creation of additional devices, and confirm the transfer of belongings.
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Cryptocurrency is a form of digital money which is renowned for its secure nature and anonymity. Like normal currencies, it is a medium of exchange but designed for the purpose of exchanging digital data through a process made possible by cryptography – a method of converting information into an uncrackable code to track purchases and transfers.
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Bitcoin is a virtual money and has no physical shape. It just exists as code behind some extraordinary PCs and we are only allowed to get to it through digital wallets. Bitcoin is a digital asset designed by its investor, Satoshi Nakamoto, to work as a currency. It is commonly referred to with terms like digital currency, digital cash, virtual currency, electronic currency or cryptocurrency.
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