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[QUOTE="King bell, post: 342532, member: 75687"] This method of transferring money is called cryptocurrency which is a type of digital currency that exists online and depends on cryptography for its security. They are networks run on decentralized blockchain technology, characterized by decentralization, cryptographically secure transactions, privacy through pseudonymity and anonymity, scarcity in supply to create value as well as ensure limited availability, worldwide access for internet users and price volatility caused by market speculation and regulatory actions. The cryptocurrency market is famous for its highly unstable nature over brief time spans. [/QUOTE]
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