Introduction A digital or virtual currency that uses cryptography for security is called cryptocurrency. This security feature makes cryptocurrencies challenging to counterfeit. The organic nature of a cryptocurrency is one of its distinguishing characteristics and conceivably its most endearing allure. Since it is not issued by a single entity, it is theoritically shielded from interference or manipulation by the government. As opposed to centralized digital currency and central banking systems, cryptocurrencies employ decentralized control. Each cryptocurrency is controlled decentralizedly by a blockchain, a public transaction database that serves as a distributed ledger. The first decentralized cryptocurrency is generally regarded to be Bitcoin, which was first made available as open-source software in 2009. Over 4,000 altcoins—alternative forms of bitcoin or other cryptocurrencies—have been developed since the invention of bitcoin. Cryptocurrency Scams The popular...
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