What technology is commonly associated with virtual currencies? 🔊
The technology commonly associated with virtual currencies is blockchain. Blockchain is a decentralized and transparent digital ledger technology that enables secure transactions without intermediaries. It allows for the recording of all transactions made with virtual currencies like Bitcoin or Ethereum, ensuring the integrity and security of these transactions. This technology provides the framework for various cryptocurrency-related applications, including smart contracts, decentralized finance (DeFi) programs, and more. The innovative aspects of blockchain are revolutionizing financial systems and expanding the capabilities of digital currencies.
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