PLC Blogger

* AI-Generated Image                        Cryptocurrencies represent the initial alternative to the conventional banking system. Cryptocurrency is a digital money that doesn’t require a bank or financial institution to verify transactions and can be used for purchases or as an investment. This form of digital or virtual currency is protected by cryptographic methods, rendering it almost impossible to forge or spend twice. In contrast to traditional money, cryptocurrencies function on decentralized networks supported by blockchain technology, a shared ledger overseen by a network of computers . Blockchain technology is a decentralized digital ledger that securely records transactions across multiple computers. A user initiates a transaction, which is validated by network nodes through consensus algorithms before being compiled into a block. Each block is linked to the previous one using cryptographic hashes, making the transac...

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