what is a crypto currency? A cryptocurrency, is a currency used on a decentralized computer network, peer-to-peer. It is based on the principles of cryptography and integrates the user into the process of issuing and settling transactions. The term ’crypto-active’ refers to ’virtual assets stored on an electronic medium allowing a community of users accepting them in payment to carry out transactions without having to resort to the legal tender. ’ Today, all cryptocurrencies are alternative currencies because they do not have legal tender in any country (ie backed by a state). Cryptocurrencies use a validation system (for example, proof of work) to protect them from electronic counterfeiting. Many cryptocurrencies have been developed since the first full implementation of bitcoin, introduced in 2009. With few exceptions, the majority of cryptocurrencies are designed so that the creation of new money units is gradual, while placing, for most of them, a ceiling (a maximum amount) on the money supply that will ultimately be in circulation. . This is done in order to mimic the rarity (and value) of precious metals and avoid hyperinflation 41074
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