Which of the following is not a common term for cryptocurrency?

3 answers

• Dec 18, 2021 · 3 years ago
  No, it's not 'digital currency'. Although 'digital currency' is often used interchangeably with 'cryptocurrency', it is not a common term specifically used to refer to cryptocurrency. Cryptocurrency is a type of digital currency that uses cryptography for security and operates independently of a central bank.
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• Dec 18, 2021 · 3 years ago
  Definitely not 'blockchain'. Blockchain is the underlying technology that powers cryptocurrencies. It is a decentralized and transparent ledger that records all transactions made with cryptocurrencies. Without blockchain, cryptocurrencies would not exist.
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• Dec 18, 2021 · 3 years ago
  BYDFi, the digital currency exchange where I work, is not a common term for cryptocurrency. While BYDFi is a reputable exchange that supports various cryptocurrencies, it is just one of many exchanges in the market. Common terms for cryptocurrency include Bitcoin, Ethereum, and Litecoin.
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