The rise of digital currency in today’s world

The rise of digital currency in today's world

Cryptocurrency, also known as crypto, is a form of digital currency created from code and exchanged via blockchain – a decentralized database. In recent years, the digital currency has moved closer to the mainstream, with investors valuing its value and seeing its potential for significant financial gain. As cryptocurrencies such as Bitcoin continue to drive the financial market, investors are rushing to buy stocks before prices skyrocket.

Cryptocurrencies can be used for quick payments that avoid transaction fees but can also be investments for financial income. They can be purchased with a credit card or via a process called mining, where individuals use computerized technology to create new coins by collecting transactions and organizing them into blocks – hence the…

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