What is ‘Cryptocurrency’ And Where Did It Come From? In its barest form, cryptocurrency is a digital medium of exchange, designed to be purchased, exchanged, and utilized for a variety of services. It is an intangible form of currency, having no physical attributes other than the computer network or smartphone it sits on, connected to thousands of computers globally. Dating back to World War II, the need for secure communication and exchanges was essential. Thus, cryptography was born—the process of converting legible information into an enigmatic code, transferring messages securely to and from various, unknown sources. Cryptography has since evolved
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