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In recent years, virtual money has transformed into a buzzword in economic circles and beyond. Understanding these virtual currencies is essential for individuals looking to immerse themselves in the world of modern finance. What is Cryptocurrency? Cryptocurrency is a form of virtual currency that utilizes cryptography for protection. Unlike traditional currencies, cryptocurrencies are decentralized, meaning they function without a central bank. Bitcoin was the first digital coin, launched in 2009, and it set the stage for numerous other coins like Ethereum, Rippl
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