Cryptocurrency

A cryptocurrency is a virtual currency which is secured through encryption to prevent theft and counterfeit. Cryptocurrencies can take many forms and serve many purposes. Cryptocurrencies may be public or proprietary.

Some cryptocurrencies – including Bitcoin and Ether – make use of blockchain technology to synchronize transactions across a distributed ledger system. By recording each transaction in sequence, the blockchain prevents the same unit of currency from being used for more than purchase.

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