Cryptocurrency is a digital currency that can be exchanged and is secured using cryptography, which makes it very difficult to counterfeit.
Blockchain is a system through which cryptocurrency transactions are processed and recorded by a cluster of computers on a peer-to-peer network. Blockchain allows cryptocurrency users to securely complete financial transactions without having to use banks as middlemen – and pay the associated fees.
Bitcoin: The most widely known cryptocurrency. In 2017, one Bitcoin was worth almost $20,000, representing a nearly 60-fold increase in only 3 years. The value of bitcoin has fallen more than 75%.
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