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Proof-of-work PoW : This dffiniiton type of money that operates protocol that requires validators known as miners to compete using expensive equipment in order to.
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Bitcoin explained: How do cryptocurrencies work? - BBC NewsA cryptocurrency is an encrypted data string that denotes a unit of currency. It is monitored and organized by a peer-to-peer network called a blockchain. any form of currency that only exists digitally, that usually has no central issuing or regulating authority but instead uses a. a digital currency in which transactions are verified and records maintained by a decentralized system using cryptography, rather than by a centralized authority.
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