Phrases with «blockchain currency»

Blockchain currency refers to a digital form of money that uses a technology called blockchain to securely record and verify transactions. Instead of relying on a central authority like a bank, blockchain currency operates on a decentralized system where transactions are transparent and cannot be easily altered. This type of currency is often associated with cryptocurrencies like Bitcoin. Full definition

Sentences with «blockchain currency»

  • As with all other blockchain currencies, this database doesn't require a central authority to maintain and secure it. (canadianbusiness.com)
  • By looking at bitcoin's price, one would hardly conclude that the original blockchain currency is potentially facing turmoil. (bitcoincenternyc.com)
  • With blockchain currencies, miners are required to enable the system to operate, but do not have to participate in the use of the currency. (cryptohead.io)
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