What Is Cryptocurrency and How Does It Work?
A cryptocurrency may be a digital or virtual currency that's protected by encryption, making counterfeiting and double-spending practically impossible. Many cryptocurrencies are built on blockchain technology, which may be a distributed ledger enforced by a distributed network of computers. Cryptocurrencies are distinguished by the very fact that they're not issued by any central authority, making them potentially impervious to government intervention or manipulation.
TAKEAWAYS IMPORTANT
A cryptocurrency may be a sort of digital asset that's supported a network that spans an enormous number of computers. They are ready to exist outside of the control of governments and central authorities due to their decentralized structure.
Many industries, including finance and law, are expected to be disrupted by blockchain and associated technology, according to experts.
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