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Like any  currency ,  cryptocurrencies  can be used to buy goods and services. But unlike other  currencies ,  cryptocurrencies  are digital and use cryptography to provide secure online transactions.

Cryptocurrencies can act like real money—in a sense, they are real money —but they take the form of digital, or virtual form and are not managed or governed by any central authority. A true product of the digital age, no banks, governments, or any middleman need be involved.

Most people know that cryptocurrencies are a means of exchange. What is lesser known is that cryptocurrencies serve a variety of other purposes besides transferring value. If you are planning to invest in cryptocurrencies, it is crucial for you to understand the differences between the types of cryptocurrencies. Bitcoin and altcoins alone are not money, but a complex digital product with its own crypto code and encrypted record. To receive the status of money, albeit digital, it needs to go through a comple

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