Explain cryptocurrency in simple terms

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Consensus protocol: Consensus decision-making is a group decision-making process in which group members develop, and.

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Bitcoin explained and made simple
A cryptocurrency is a digital or virtual currency that is secured by cryptography, which makes it nearly impossible to counterfeit or double-spend. A cryptocurrency is a digital or virtual currency secured by cryptography, which makes it nearly impossible to counterfeit or double-spend. Cryptocurrencies are a form of digital money operated via a decentralised system, meaning they aren't regulated by banks or governments. Their value, like.

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They may also use messaging apps or chat rooms to start rumours that a famous businessperson is backing a specific cryptocurrency. Use a trustworthy wallet. Instead of being physical money carried around and exchanged in the real world, cryptocurrency payments exist purely as digital entries to an online database describing specific transactions. Cryptocurrency is a complex subject, so start the conversation by talking about digital or virtual currencies that they might be familiar with from games they play online such as Fortnight, Roblox or Minecraft. The unit of cryptocurrency doesn't have value by itself.