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Why is it called cryptocurrency? Cryptocurrency exchanges are on the rise, but investing in this market comes with challenges. Litecoin has also frequently flaunted its transaction speed in comparison to bitcoin, and as a result, is seen by some cryptocurrency fans as another potential altcoin that can become a legitimate currency. Other than that, the reason why you should keep bitcoin on your investment radar is that it has the highest liquidity in the crypto space, which also makes it the most people who get into crypto start off buying bitcoin and then get into ethereum, and then start looking into other cryptocurrencies. And you can view your own storage of your bitcoins the same. You can pay by bank transfer, credit card, alipay, etc. From elon musk to your grandma, we all know about the cryptocurrency bitcoin, but how does it actually work? What is bitcoin and cryptocurrencies? Crypto means that bitcoin uses cryptography to make sure that the network only records and allows valid transactions and no user can cheat the. It does not rely on a central server to process transactions or store funds. New cryptocurrencies come and go, but bitcoin never goes out of fashion. Tokens, cryptocurrencies, and other types of digital assets that are not bitcoin are collectively known as alternative cryptocurrencies,202122 typically shortened to these terms are usually reserved for other fungible tokens than the main cryptocurrency of the blockchain, that is, usually, for fungible. Cryptocurrency — also known as crypto — is a digital currency designed to work as a medium of exchange.
