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A cryptocurrency is a digital currency that uses cryptography to secure financial transactions and was created to serve as a medium of exchange.
Cryptocurrencies maintain decentralised control rather than relying on a centralised digital currency and banking system. Each cryptocurrency has decentralized control thanks to distributed ledger technology, most commonly a blockchain, which acts as a public financial transaction database. They are able to exist outside of the control of the government because of the decentralized structure.
Bitcoin is widely regarded as the first decentralized cryptocurrency, having been released as open-source software in 2009 by a person or group known only by the alias “Satoshi Nakamoto.” Over 4,000 different bitcoin variants or other cryptocurrencies have been introduced since Bitcoin’s release. Among the others, it is still the most popular and valuable.
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|August 2, 2022
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After the creation of bitcoin, the number of cryptocurrencies available over the internet is growing. This is a list of notable cryptocurrencies.
- Binance Coin
- USD Coin
- Binance USD
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