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1. Self-executing contracts with the terms of the agreement directly written into lines of code. They automatically execute once the conditions are met.
2. A digital ledger that records transactions across multiple computers. It is the underlying technology behind many digital currencies.
3. A currency that is issued by a government and is not backed by a physical commodity, such as gold or silver.
4. The distribution of control or decision-making across multiple participants in a network. Digital currencies are often decentralized.
5. Altcoins are alternative cryptocurrencies to Bitcoin that were developed after Bitcoin's success.
6. A digital or virtual currency that uses cryptography for security. It operates independently of a central bank.