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A cryptocurrency is a virtual currency protected by cryptography, making counterfeiting and double-spending highly impossible. Many cryptocurrencies depend on blockchain technology, a distributed ledger implemented by a distributed computers network. Cryptos are not distributed by any central authority, making them technically resistant to government intervention or exploitation.
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Bitcoin refers to a digital currency launched in 2009. People may also buy or sell bitcoins via multiple currencies on the prominent marketplaces, called the “bitcoin exchanges.” Bitcoin refers to a digital currency, first introduced in January of 2009. It relies on the ideas presented in a whitepaper by Satoshi Nakamoto, a mysterious and pseudonymous figure. The identity of an individual or group behind the technology is not known yet. Bitcoin promises far lesser transaction costs than conventional online payment methods, and it is run by a decentralized authority, not like the government-issued currencies.