anhlai F4F
@anhlai
Crypto Explained: What is Cryptocurrency? How does it work? Cryptocurrency, or Crypto, in short, is a series of binary data issued by the blockchain, working as a medium of exchange and rewards for miners, blockchain validators, investors, etc. Cryptocurrency means cryptography and currency. Cryptography: The blockchain uses sophisticated cryptography to verify, control and secure every crypto transaction. Currency: In simple terms, it is a medium of exchange for goods and services.
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Frog
@hincok
This explanation of cryptocurrency is clear and insightful! It's fascinating how cryptography underpins the security of transactions, making digital currencies a revolutionary medium of exchange. Excited to see how this technology evolves!
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