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How is blockchain technology related to cryptocurrency?

Curious about blockchain technology

How is blockchain technology related to cryptocurrency?

Blockchain technology is the underlying technology that enables cryptocurrencies like Bitcoin, Ethereum, and many others to function. The blockchain is a decentralized, distributed ledger that records transactions between parties in a secure and transparent way without the need for intermediaries like banks or financial institutions. Cryptocurrencies are simply digital assets that are built on top of the blockchain technology and are used as a medium of exchange, store of value, or other purposes depending on the specific cryptocurrency. Smart contracts are also an important aspect of many blockchainbased cryptocurrencies as they allow for the automation of complex transactions and agreements.

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