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The Rise of Cryptocurrencies and Embracing Trust in the Digital Age

Updated: Oct 18, 2023

By Jaya Bijoor

  • Cryptocurrency is a term used to describe many fungible digital tokens (tokens that can be exchanged for one another because they are not unique) that are secured utilizing a blockchain.

  • The first fungible digital token is Bitcoin.

  • Bitcoin can transfer value between two parties without having to rely or trust an intermediary.

  • You only have to trust the Bitcoin code, which is open and freely available.

  • Assets such as Bitcoin, Ether, or Solana are called “cryptocurrencies” because the security of your data and assets is encrypted using cryptography.

  • You are not relying on an institution or corporation to act in your best interest.


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