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Cryptocurrency In 5 Minutes - Cryptocurrency Explained - What Is Cryptocurrency? - Simplilearn
A cryptocurrency is a digital or virtual currency that is secured by cryptography, which makes it nearly impossible to counterfeit or double-spend. In simple words, cryptocurrency is a digital asset. The name originates from the fact that all of its transactions are highly encrypted, making the exchanges. A cryptocurrency is a digital, encrypted, and decentralized medium of exchange. Unlike the U.S. Dollar or the Euro, there is no central.

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Ripple's XRP is designed to be used by banks to facilitate transfers between different geographies. And, as with most other investments, if you reap capital gains selling or trading cryptocurrencies, the government wants a piece of the profits. Trending Videos. Despite the asset's speculative nature, some have created substantial fortunes by taking on the risk of investing in early-stage cryptocurrencies.