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| 4:07:45 PM - Wed, Jul 26th 2023 |
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A sort of virtual payment mechanism that does not fall within the banking system is cryptocurrency. Anyone from anywhere can use the system to make and receive payments. All bitcoin transactions that involve money transfers are recorded in a public ledger. The place where cryptocurrency is kept is in digital wallets.Cryptocurrency has acquired its name because transactions are encrypted and validated. This means that complex code is required for the storage, transport, and recording of bitcoin data to public ledgers. The purpose of encryption is to provide security and protection.
Source: https://themoneyflow.net/how-to-make-money-with-cryptocurrency/
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