Investing money in cryptocurrency – Fingerlakes1.com

Cryptocurrency is also referred to as “decentralized money,” meaning that it is stored, produced and processed outside of a central bank or government. Unlike “solid” or standard banknotes, cryptography may not have a tangible type. It is a collection of files, protected by encryption (the method of encrypting and decrypting information), which is why it is called “digital currency”.

As data is interpreted, the content is translated from one format to another, less distinguishable from, and is now decoded, or restored, by the end user to its average. This complex approach avoids the possibility of double spending and forgery, thus improving the …

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