@agboola994
Cryptocurrency is a digital money that operates in a completely different way than the traditional currency ¹. The most basic difference is that there are no physical cryptocurrency coins or notes ¹. Here are some other facts about cryptocurrency ¹:
- Regulation: Cryptocurrency is a largely unregulated market.
- Speed and cost: Transactions can occur within minutes at a lower cost.
- Supply: Cryptocurrencies usually have a predictable supply determined by an algorithm.
- Immutable: All completed crypto transactions are permanent and final.
- How it works: While the cryptocurrencies themselves act as a medium for exchanging or for storing value, they all rely on a special type of public ledger technology called “blockchain” to record data and to keep track of all of the transactions being sent across the network.
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