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How to get my first bitcoin | What Is an ICO? Are there other major investors who are investing in it? There are thousands of cryptocurrencies created for specific purposes, but generally, they're used to pay for services or as speculative investments. Developers must use Ether to build and run applications on Ethereum, so theoretically, the more that is built on the Ethereum blockchain, the higher the demand for Ether. Is the currency already developed, or is the company looking to raise money to develop it? If people began using Bitcoin for payments on a huge scale, demand for Bitcoin would go up, and in turn, its price in dollars would increase. |
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Mega hashes per bitcoins | For shorter-term crypto investors, there are other risks. However, if you want to understand cryptocurrency you need to understand the concept of digital currency , the concept of blockchain both as a public ledger of transactions and a technology , and the concept of cryptography. View all sources. Accessed Apr 19, That serves as a good way to build connections in the industry. |
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