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16/07/2019 by

Cryptocurrencies (also referred to as coins) are digital currencies that exist on their own blockchain. A common misnomer with cryptocurrency is it’s an actual ‘computer file’ that can be sent that stores value. This is not the case. Owning cryptocurrency means you have a special ‘password’ (known as a private key) that grants you access to a specific amount of coin allocated to it on the distributed ledger known as blockchain.

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