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How Money Actually Scales (Gold, USD, Bitcoin)Bitcoin is designed as a decentralized peer-to-peer payment system and thus a medium of exchange. It can be defined as synthetic commodity money (Selgin, ). How Does Cryptocurrency Work? A cryptocurrency is a digital, encrypted, and decentralized medium of exchange. Unlike the U.S. Dollar or the. A cryptocurrency is a medium of exchange, such as the US dollar, but is digital and uses cryptographic techniques and it's protocol to verify the transfer of.
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