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Bitcoin Basics: A Beginner's Guide to Cryptocurrency

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Disclaimer: The text below is an advertorial article that is not part of Cryptonews.com editorial content.The world is abuzz about bitcoin, which has left people wondering about bitcoin.

More and more individuals today are interested in exploring digital currency, and its future. The following article will hopefully help demystify cryptocurrency.A cryptocurrency is a digital or virtual currency, secured by cryptography, which makes it impossible to double spend.

Several cryptocurrencies are decentralised networks based on blockchain technology, or a distributed ledger enforced by a network of computers.Most cryptocurrencies work without the backing of a central bank or government.

Rather than relying on government guarantees, a decentralised technology called blockchain underpins the operation of cryptocurrencies.

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