#CreatorPad Bitcoin and other cryptocurrencies are digital tokens that operate on a blockchain network, a digital ledger used to record transactions. The Bitcoin token currently in circulation is the primary currency on its blockchain network. These tokens are known as cryptocurrencies because they rely on cryptographic techniques. They are encrypted in a way that makes counterfeiting, the greatest threat to any currency, impossible. For this reason, these currencies can retain their value without the need for any guarantee from a central authority such as a government.
Crypto
How did Bitcoin rise from $13 to $120,000?
The cryptocurrency found a new purpose while its peers collapsed, and its popularity will continue for these reasons.
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