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How to define crypto in simple words?
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[QUOTE="btaliat, post: 251047, member: 26390"] It was rumored in 2009 that Nakamoto introduced bitocin and since then people have been wondering what crypto is all about. The curiosity made people to know how crypto works. Not long after that people started knowing about Blockchain and other lexicons and jargons associated with crypto. What is now crypto? Crypto from the above explanation means a decentralized digital coins that uses Blockchain as a means of performing its transactions. What does this means to a lay man? It means you don't need any centralized body or means before you do or complete any transaction. Gone are the days that you need someone to control and monitor the way you spend your money. This time, you are the sole controller of your money. As good as this may sound. It was welcomed with mised reactions. While some people see it as another means of defrauding people, others see it as a way of gaining financial freedom where you don't need to be monitoring your spending and receiving. In fact, people started taking more interest in it when the first bullish market which set bitocin to the moon happened in 2017 and then 2020. Of course, government was a major anti preacher of crypto. [/QUOTE]
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