What is the term for digital currency whose transactions are verified and records maintained by a decentralized system using cryptography?

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Multiple Choice

What is the term for digital currency whose transactions are verified and records maintained by a decentralized system using cryptography?

Explanation:
Cryptocurrency is a digital currency whose transactions are verified and records maintained by a decentralized system using cryptography. In these networks, transactions are broadcast to many participants and are confirmed through a consensus process, then recorded on a distributed ledger—usually a blockchain. There’s no central authority governing the system, and cryptographic proofs help secure and validate each transaction. This sets it apart from NAV (the per-share value of a fund), ETF (an exchange-traded fund), and CFP (a professional certification), which are not digital currencies.

Cryptocurrency is a digital currency whose transactions are verified and records maintained by a decentralized system using cryptography. In these networks, transactions are broadcast to many participants and are confirmed through a consensus process, then recorded on a distributed ledger—usually a blockchain. There’s no central authority governing the system, and cryptographic proofs help secure and validate each transaction. This sets it apart from NAV (the per-share value of a fund), ETF (an exchange-traded fund), and CFP (a professional certification), which are not digital currencies.

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