What is a 'Cryptocurrency'. A defining feature of a cryptocurrency, and arguably its biggest allure, is its organic nature; it is not issued by any central authority, rendering it theoretically immune to government interference or manipulation.
Cryptocurrency may be considered as medium of exchange, negotiable instrument, property, and subject of the contract. Depending upon the transaction and power of legislation to tax such transaction, tax incidences are pertinent for cryptocurrency.
The aim of encryption is to provide security and safety. The first cryptocurrency was Bitcoin, which was founded in 2009 and remains the best known today. Much of the interest in cryptocurrencies is to trade for profit, with speculators at times driving prices skyward. How does cryptocurrency work?
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