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In recent years digital currency is gaining popularity due to its advanced technology. The transaction cost is lowered and is approved by a blockchain of thousands of computer networks.
The digital currency provides the facility to make payments at any time and blockchain eliminates the involvement of a third party in the verification process.
Digital currency like cryptocurrency can be sent from one account to another seamlessly and is impossible to track. Altcoins like Monero (XMR) provide untracable transactions.
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With the advancement of technology, payment methods are also advancing in the form of digital currency. Digital currency is a kind of currency only available in digital or virtual form with properties similar to physical currency.
The record of digital transactions is kept by blockchain. It is a type of database that keeps the information records so that it cannot be hacked or changed. With the help of a blockchain system, digital information can be recorded and distributed, but not edited. Blockchain is regarded as a digital file of the transaction, distributed over the entire network of the computer system.
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