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The main purpose of a cryptocurrency coin is to function as digital cash (also called digital currency).
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Investing in blockchain technology has become hot due to its role as the database for cryptocurrencies and digital transactions. Blockchain inventor satoshi nakamoto (a pseudonym) applied this new technology to cryptocurrency first with the introduction of bitcoin in 2008. It is independent of the government and is digital money not controlled by one person or government. Acceptance of cryptocurrency by several countries as a legal tender is key to the growth of cryptocurrency market. Find a cryptocurrency & blockchain online course on udemy
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The digital currency bitcoin itself is highly controversial but the underlying blockchain technology has worked flawlessly and found wide range of applications in both financial and nonfinancial world.
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It not only supports the existence of digital currencies but also facilitates the transfer and storage of funds, therefore making it easy for crypto investors to trade.
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