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Currency

What are cryptocurrencies?

Updated : April 13, 2018 05:08 PM IST

Cryptocurrencies are digital or virtual currencies that can be used as a medium of exchange and are trying to fit into the traditional currency space.
As of today, cryptocurrencies are bought using legal tender and the value of one unit depends on the rise or fall in demand for the particular cryptocurrency.
In two months Bitcoin saw a slump and rise, just like any other volatile market.
What are cryptocurrencies?
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