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A cryptocurrency, cryptocurrency, or crypto is a digital asset designed to function as a medium of exchange in which individual currency ownership records are stored in an existing ledger in a form of computerized database that uses strong cryptography to secure assets. transaction logs, to control the creation of more coins, and to verify the transfer of ownership of the coin. It generally does not exist in physical form (like paper money) and is not usually issued by a central authority. Cryptocurrencies typically use decentralized control rather than centralized digital currency and central banking systems. When a cryptocurrency is minted or created prior to issuance or issued by a single issuer, it is generally considered centralized. When implemented with #decentralized control, each cryptocurrency works through distributed ledger technology, usually a blockchain, which serves as a database of public financial transactions.
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