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| How does cryptocurrency work investopedia | What Is Bitcoin? The contents of the online ledger must be agreed upon by a network of individual nodes, or computers that maintain the ledger. Cryptocurrency investors need to understand the tax consequences of using crypto , especially if they purchase something or sell their crypto investments. Because they are entirely digital records, there is a risk of copying, counterfeiting, or double-spending the same coin more than once. Cryptocurrencies were introduced with the intent to revolutionize financial infrastructure. |
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