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Cryptocurrency In 5 Minutes - Cryptocurrency Explained - What Is Cryptocurrency? - SimplilearnCryptocurrencies run on a distributed public ledger called blockchain, a record of all transactions updated and held by currency holders. Most cryptocurrencies exist on decentralized networks using blockchain technology�a distributed ledger enforced by a disparate network of computers. A blockchain is a distributed database or ledger shared among a computer network's nodes. They are best known for their crucial role in cryptocurrency.