What is crypto currency
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Since 1st January 2008, the euro has been the official currency of the Republic of Cyprus, replacing the Cypriot pound (also known as the lira) at a fixed rate of 0.585274 Cypriot pounds to 1 euro.
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Transactions are sent between peers using software called “cryptocurrency wallets.” The person creating the transaction uses the wallet software to transfer balances from one account (AKA a public address) to another.
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