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What Is A Cryptocurrency – How It Works & Types Of Crypto Wallet?

ICO is the abbreviation of Initial Coin Offering. It means that someone offers investors some units of a new cryptocurrency or crypto-token in exchange against cryptocurrencies like Bitcoin or Ethereum. Since 2013 ICOs are often used to fund the development of new cryptocurrencies.

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What Is A Cryptocurrency – How It Works & Types Of Crypto Wallet?

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  1. What is a Cryptocurrency? It's a Digital Currency The Popular Rise Of Virtual Currency Started in 2009 with the creation of Bitcoin, The first decentralized Cryptocurrency. Since the, Over 1000 Cryptocurrencies have emerged-each with their Own Unique Approaches to development, data encryption, and transnational utility HOW IT WORKS Virtual Currency is created and Stored using Blockchain Technology, Public shared digital ledger of Economic transactions. Using Special computers and softwares, cryptocurrency 'mining' validates transactions in the blockchain and releases new currency into the Market. Currency is stored in 'digital wallet', along with public and private keys that allow it to receive and spend funds. Although more and more retailers accept cryptocurrency as valid payment, they are not backed by the gold standard. TYPES OF CRYPTO WALLETS Hot Cold Paper Hardware Mobile : +917096499910 | Email : sales@innvonix.com Skype : innvonix | Website : www.innvonix.com

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