Terms Cryptocurrency
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Cryptocurrency Cryptocurrency

A cryptocurrency is an alternative, digital and virtual currency that uses cryptography to process and control transactions, as well as to create new units.

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Contrary to currencies controlled by central banks, cryptocurrencies are managed in a decentralized and transparent fashion by its underlying network nodes. This is accomplished via the Blockchain, which is a distributed database, acting as a distributed ledger.

Bitcoin is the most prominent example for a general cryptocurrency, whereas in the IIoT domain IOTA / MIOTA has been developed specifically with running transactions in the internet of things in mind.

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