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Cryptocurrency is backup by its technology which is blockchain. Once they have encouraged investors to buy and driven. Cryptocurrency is a digital currency using cryptography to secure transactions.
Bitcoin What Is Cryptocurrency Elon Musk Goes Back On Staking is part of the process that certain cryptocurrencies use to verify transactions.
This is not necessarily true. Any asset that has value can back a crypto token. Some are intended to be units of exchange, others are stores of value and some help run computer networks that carry. It holds its value to a pegged asset. It typically uses a system called a blockchain to record and keep a history of transactions.
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