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Although cryptocurrencies are considered a formulating a framework for cryptocurrencies, institutions, are not necessary to enforce trust and police transactions.
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\A cryptocurrency is a digital, encrypted, and decentralized medium of exchange. Unlike the U.S. Dollar or the Euro, there is no central. First, blockchain technology is decentralized. In simple terms, this just means there isn't a data center where all transaction data is stored. Cryptocurrencies are digital tokens. They are a type of digital currency that allows people to make payments directly to each other through an online system.
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