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Please make a rule of thumb for investment in cryptocurrencies. Instead, ledger has opted to provide software tools to verify is a piece of hardware is genuine and/or has not been tampered with. In other words, all users has a copy of this ledger. Distributed ledger technology (dlt), aka blockchain and other similar technology, is a way to describe the technology behind distributed databases secured by cryptography and consensus. Ledger nano s is one of the most popular and recommended crypto wallets in the market.
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Cryptocurrency is a type of virtual currency that uses cryptography to secure transactions that are digitally recorded on a distributed ledger, such as a blockchain.
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While physical ledgers are getting less popular, digital ones are being extensively used worldwide, in many different scenarios.
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The concept is similar to that of normal bank account with the distinction.
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