what a type of digital currency in which a record of transactions is maintained, new units of currency are generated by the computational solution of mathematical problems, and it operates independently of a central bank?

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24-10-2022
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what a type of digital currency in which a record of transactions is maintained, new units of currency are generated by the computational solution of mathematical problems, and it operates independently of a central bank?

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SanofarAfrin SanofarAfrin · Answer 1 · 2022-11-01T06:18:21+01:00

A digital currency known as Bitcoin (BTC) keeps track of transactions, creates new units of currency by solving mathematical problems computationally, and is decentralized from a central bank.

What kind of digital currency is that?

Digital currency comes in three flavors: cryptocurrencies, stablecoins, and CBDCs. A type of decentralized digital currency that isn't linked to any fiat money is called cryptocurrency. Its ledger systems are managed by cryptography, and the market decides how much it is worth. The first cryptocurrency was bitcoin.

Bitcoin BTC: Is it a wise investment?

Incredibly volatile and hazardous, bitcoin. Undoubtedly, it would be a mistake to invest all of your savings in cryptocurrency. When investing in cryptocurrencies, if you're willing to take a chance, make sure you understand what you're doing and have a plan in place.

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