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Bitcoin Explodes, Are Altcoins Next?The underlying purpose of cryptocurrencies is to pay for the security and services (such as smart-contract execution) rendered by a decentralized network. A cryptocurrency is a digital currency, which is an alternative form of payment created using encryption algorithms. The use of encryption technologies means. Crypto may serve as an effective alternative or balancing asset to cash, which may depreciate over time due to inflation. Crypto is an investable asset, and.
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