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Digital currencies or cryptocurrencies are a type of digital asset designed to work as a medium of exchange and use cryptography to secure transactions, control the creation of new units, and verify the transfer of assets. Unlike traditional currencies that are issued and regulated by governments or central banks, digital currencies work in a decentralized manner and are usually based on blockchain technology. Blockchain is a distributed ledger managed by a network of computers that records all transactions transparently and immutably.
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