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As a digital asset used as a medium of exchange, cryptocurrency is designed to be secure and anonymous, not issued by a central authority. It converts understandable information into a complex, virtually unsolvable encrypted code using decentralized technology. It allows users to make secure payments and store money.
Bitcoin is perhaps the most important cryptocurrency. In fact, cryptocurrency began as a side-product of Bitcoin. A reclusive internet user who goes by the name of Satoshi Nakamoto invented it, and it is an electronic cash system used to make protected digital payments.
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