What are the basics of cryptocurrency?

A cryptocurrency is a digital currency, which is an alternative form of payment created using encryption algorithms . The use of encryption technologies means that cryptocurrencies function both as a currency and as a virtual accounting system. To use cryptocurrencies, you need a cryptocurrency wallet.

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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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