The Cryptocurrency is a type of virtual currency that is used in encryption to ensure security for bank transactions made online. Just like the traditional currency has serial numbers or hidden stripes inside it to prevent counterfeiting, the cryptocurrency also uses codes that are very difficult to discover.
There are various types of digital currencies, bitcoin is the best known of them. It is decentralized, which means that the currency can be transferred from person to person without interference from banks or intermediaries. As there is no authority or bank that regulates the currency, its cups are smaller and can be traded from any country.
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