Cryptocurrency
A cryptocurrency is a digital or virtual currency that uses cryptography for security, which make it difficult to counterfeit.
It is not issued by any central authority, rendering it immune to government interference or manipulation.
The anonymous nature of cryptocurrency transactions makes them well-suited for a notorious activities, such as money laundering and tax evasion.
The first cryptocurrency to capture the public imagination was Bitcoin, which was launched in 2009
Bitcoin's success has spawned a number of competing cryptocurrencies, such as Litecoin, Namecoin and PPCoin.
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