Moderator: Moderatorzy HydePark
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Cryptocurrency is a digital payment system that does not involve banks in verifying transactions. It is a peer-to-peer system that allows anyone, anywhere, to send and receive payments. Cryptocurrency payments exist exclusively digitally in an online database describing specific transactions. They do not imply transactions with physical money that have circulation and the possibility of exchange exchange in the real world. When transferring funds in cryptocurrency, transactions are recorded in a public ledger. Cryptocurrency is stored in digital wallets.
The term Cryptocurrency came into use due to the fact that encryption (cryptography) is used to verify transactions: advanced coding is used to store and transfer cryptocurrency data between wallets and to public registries. The purpose of encryption is to provide reliability and security.
The first cryptocurrency was bitcoin, created in 2009 and the most famous to date. Cryptocurrency trading is interesting in terms of making a profit; as a result of speculative activities, price jumps for cryptocurrencies are periodically observed.
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