Crypto is any form of currency that exists digitally or virtually and uses cryptography to secure transactions. Cryptocurrencies don't have a central issuing or regulating authority, instead using a decentralized system to record transactions and issue new units
A cryptocurrency is a form of payment that can circulate without the need for a central monetary authority such as
a government or bank
a government or bank
Piece of Knowledge
- The total amount of bitcoin is limited
- No one knows who created bitcoin
- Cryptocurrency can't be physically banned
- There are over 5,000 different currencies
- China is the biggest cryptocurrency miner
- They're taxable
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