The History of Cryptocurrency: An Essential Guide

Published: Dec. 2, 2021, 5 p.m.

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Cryptocurrency (now termed \\u201cCrypto\\u201d) is a digital monetary system. Instead of \\u201cdollars,\\u201d the unit of currency is referred

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to as a \\u201cBitcoin.\\u201d Like traditional money, cryptos can be used to store and transfer value among other crypto users within

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the crypto community. Bitcoin is considered a cryptocurrency. The currency utilizes blockchain technology

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and cryptography for management and creation of the currency.  There is a crypto protocol, which resides primarily on the

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internet. It\\u2019s possible to utilize the protocol on your smartphone, computer, tablet, and other computing devices.

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It\\u2019s easily accessible to anyone with common available technology. Essentially, anything that can be done with conventional

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currencies can be done with cryptos. It\\u2019s possible to buy and sell goods and services, give money to other individuals or

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organizations, or even provide credit to others. Crypto can be bought, sold, and exchanged for other currencies.

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