currency powered by blockchain technology. The framework is decentralized, so no major entity/body controls the currency. Bitcoin was the first blockchain and digital currency. Currently, there are about 8,000-9,000 digital currencies, and growing.
The user accesses his digital currency and performs transactions via a wallet. Each wallet contains a unique ID, username or personal details that do not appear on the blockchain. Blockchain is a network of distributed databases that store digital currency data. You can develop your own blockchain or use an existing one.
Cryptocurrencies are exempt from central authorities such as governments and central banks. They have a total market capitalization of about $2 trillion, which indicates the significant development that has occurred in the field of cryptocurrencies over the years.
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