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| Withdrawing funds from coinbase | But they have a different way of incentivizing honest behavior among those who participate in that process. This opens up the possibility for governments, authorities, and others to track financial transactions. Blockchain describes the way transactions are recorded into "blocks" and time stamped. How does cryptocurrency work? For advanced users, the possibilities are vast. On this site, we explore every aspect of cryptocurrency. National Public Radio. |
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| Cryptocurrency introduction | Cryptocurrencies don't have a central issuing or regulating authority, instead using a decentralized system to record transactions and issue new units. There are thousands of cryptocurrencies created for specific purposes, but generally, they're used to pay for services or as speculative investments. Are there other major investors who are investing in it? Explore Investing. Essentially, people who propose new blocks of information to be added to the record must put some cryptocurrency at stake. |
