The new currency that doesn’t exist yet

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Cryptocurrency has continued to gain popularity over the past ten years. While it still remains relatively on the fringe of major investment related projects, it continues to challenge traditional ways of thinking about money. Donald Trump, the new 47th President of the United States, has launched his own crypto venture and his planning to add some major additions to it.

Cryptocurrency: An overview

Cryptocurrency is a type of digital or virtual currency that uses cryptography for security, making it difficult or nearly impossible to counterfeit or double-spend. Unlike traditional currencies issued by governments (like the U.S. dollar or the euro), cryptocurrencies operate on decentralized networks, typically based on blockchain technology—a distributed ledger that records all transactions across a network of computers.

The most well-known cryptocurrency is Bitcoin. Created in 2009 by an anonymous person (or group of…

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