Cryptocurrency, a digital or virtual form of currency, is becoming increasingly prevalent in our financial landscape. Two primary terms come to mind when discussing cryptocurrency: Bitcoin and blockchain. Bitcoin, often synonymous with cryptocurrency, was the first of its kind and remains the most widely used today. It is essentially a digital currency, with no physical counterpart, that can be used for online transactions. On the other hand, blockchain, the technology underpinning Bitcoin, is a public ledger of all transactions that have ever taken place. It’s decentralized, meaning no single entity has control over the entire network. It is this technology that many believe to be the true innovation behind Bitcoin. Understanding these terms and their implications is key to navigating the ever-evolving world of cryptocurrency. Read More
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