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A digital currency that is intended to function as a means of exchange via a computer network and is not dependent on any central authority, such as a government or bank, to uphold or maintain it is known as a cryptocurrency, crypto-currency, or crypto.It is a decentralized system that removes the need for conventional middlemen, like banks, when transferring money between two entities by confirming that the parties to a transaction actually own the money they say they do. Unlike paper money, which exists in tangible form, cryptocurrency is not issued by a central body. Unlike digital currencies issued by central banks, most cryptocurrencies operate under decentralized control (CBDC).[11] A cryptocurrency is usually seen as centralized if it is produced, manufactured beforehand, or issued by a single issuer. Every cryptocurrency functions via distributed ledger technology, usually a blockchain, which acts as a public record of financial transactions when used in a decentral...
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