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What is cryptography?

Cryptocurrency is a digital payment system that does not rely on banks to verify transactions. It is a peer-to-peer system that can allow anyone anywhere to send and receive payments. Instead of being physical money that is transferred and exchanged in the real world, cryptocurrency payments exist exclusively in the form of digital records in an online database describing specific transactions. When you transfer cryptocurrency funds, the transactions are registered in the public ledger. You store your cryptocurrency in a digital wallet.


What is blockchain?

Cryptocurrencies work using a technology called blockchain. Blockchain is a decentralized technology, common on many computers, that manages transactions and records them. Part of the appeal of this technology is its security.

Blockchain is, in fact, a digital transaction book that is duplicated and distributed throughout the entire network of computer systems on the blockchain. Each block in the chain contains several transactions, and each time a new transaction occurs in the blockchain, a record of this transaction is added to the ledger of each participant. A decentralized database managed by multiple participants is known as Distributed Ledger Technology (DLT).

Thanks for the information.

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