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Bitcoin, Litecoin, Peercoin, Namecoin, and Novacoin: What’s Up in the Cryptocurrency Market?

As the name implies, cryptocurrencies are digital currencies that use cryptography techniques for secure transactions. They’re decentralized, which means that they’re not under the control of banks and governments, and their value can’t be manipulated by these organizations. Bitcoin, the first decentralized cryptocurrency, was launched in 2009. Its success generated a bunch of spin-off currencies, which are…

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