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Cryptocurrency In 5 Minutes - Cryptocurrency Explained - What Is Cryptocurrency? - Simplilearn1. It's decentralized. Individual users are in control of their bitcoin. � 2. Personal information is not traceable to transactions � 3. Minimal transaction fees. Bitcoin is the world's first completely open payment network which anyone with an internet connection can participate in. Bitcoin was designed to be used on the. Cryptocurrency (or �crypto�) is a digital currency, such as Bitcoin, that is used as an alternative payment method or speculative investment.
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