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This NEW Altcoin Sector Is EXPLODING! [100X GAINS ARE HERE]A cryptocurrency is a digital currency, which is an alternative form of payment created using encryption algorithms. The use of encryption technologies means. Cryptocurrencies run on a distributed public ledger called blockchain, a record of all transactions updated and held by currency holders. A cryptocurrency is a medium of exchange, such as the US dollar, but is digital and uses cryptographic techniques and it's protocol to verify the transfer of.