What is a cryptocurrency and how does it differ from fiat money?

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2022-08-25 19:58:06 - Translate -

Cryptocurrency is an electronic means of payment. At its core, it is a program code and has no physical counterpart in real life. Cryptocurrency is not backed by anything, like fiat money, but otherwise it differs significantly from them in many ways. Traditional banknotes are issued by the central banks of countries. At the same time, the output is not limited, which subsequently inevitably...

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