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What Is A Cryptocurrency?
The Internet Of Money & Value!
What is a cryptocurrency? Cryptocurrency is a digital currency that uses advanced encryption technology to facilitate free & secure peer to peer transactions.
Most cryptocurrencies are fiat currencies by nature, meaning they have no physical value tied to them. Cryptocurrencies are also usually not controlled by any government or country. The value of a cryptocurrency is solely determined by supply and demand as its traders buy and sell the currency on the public traded exchanges and the actual value they are providing to the merchants, consumers and overall marketplace.
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What Is Blockchain?
A blockchain is an anonymous online ledger that uses data structure to simplify the way we transact. Blockchain allows users to manipulate the ledger in a secure way without the help of a third party.
A bank's ledger is connected to a centralised network. However, a blockchain is anonymous, protecting the identities of the users. This makes blockchain a more secure way to carry out transactions.
The algorithm used in blockchain reduces the dependence on people to verify the transactions. This technology used for recording various transactions has the potential to disrupt the financial system.
Overview
Cryptocurrency is conquering the world of currencies and finance in a way we could not even imagine five years ago.
And Waveeducoin joins this exploding digital space that is transforming the global currency and financial sectors even as you read this. And you can be a big part of it with us. We’re just getting started!
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