Essay on Cryptocurrency | Cryptocurrency Meaning, Definition and Uses

Since the inception of Bitcoin in 2009, popularity of cryptocurrency has grown rapidly. Many other new cryptocurrencies are launched since then and widely used as a medium of exchange.

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A cryptocurrency is a virtual or digital currency that is highly secured by cryptography or encryption techniques which makes it nearly impossible to counterfeit such cryptocurrency.

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Bitcoin is the first type of cryptocurrency that presently remains the most used, valuable, and popular. After bitcoin, many other alternative cryptocurrencies with varying degrees of functions and specifications have been created.

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