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It trades on five markets and transitioned to proof-of-stake , which allows people to mine or validate block transactions according to the number of coins they hold. The company suggested that blockchain could reduce or eliminate black market sales by controlling the sourcing, selling, and pricing of products, and assisting producers and retailers with supply and demand issues. Cryptocurrency Explained With Pros and Cons for Investment A cryptocurrency is a digital or virtual currency that uses cryptography and is difficult to counterfeit. It is a proof-of-work , peer-to-peer open-source currency for easy transactions for medical marijuana dispensaries. Food and Drug Administration.
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