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What is bitcoin & crypto? | BCB



Cryptocurrencies are digital currencies. These cryptocurrencies can be traded, accumulated or tied up (save) just like normal fiat currencies to earn interest (stake). The big difference between fiat and cryptocurrencies is that fiat currencies can be printed. This results in an unlimited supply causing inflation. Cryptocurrencies often have a limited supply in which new cryptocurrencies are released via a mathematical formula. As a result, it is already determined in advance what the maximum number of cryptocurrencies will be, together with inflation or possible deflation. By reading the whitepaper, people already know in advance what they are getting into! Further explanation about cryptocurrencies can be found in our free video.

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