What is cryptocurrency PDF?

Article Technical overview Cryptocurrency is the name given to a system that uses cryptography to allow the secure transfer and exchange of digital tokens in a distributed and decentralised manner . These tokens can be traded at market rates for fiat currencies.

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How does cryptocurrency make you money?

Cryptocurrency operates on a blockchain, the digital ledger of cryptocurrency transactions, ensuring that the same coin is never used twice. Transactions are processed on a blockchain network made up of thousands of machines, and in return for the efforts of these machines, owners can earn cryptocurrencies .

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Why is cryptocurrency difficult?

Originally Answered: Why is Bitcoin difficult to understand? Bitcoin is difficult for some people to understand because it is a complete disruption of the financial system as we know it . It is a completely new way to transact and store value that no one living today was brought up on.

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