Better still, just about anyone can take a crack at mining their own currency, though it does require some knowledge and patience. The reason behind the adoption of cryptocurrencies is pretty simple, as they present an unrivalled way to speed up financial transactions while also reducing transactional costs. While presently cryptocurrencies remain unregulated, the overwhelming success of Bitcoin (BTC), along with Ethereum (ETH), Ripple (XRP), and Litecoin (LTC), translates to governments, businesses and banks continuing their efforts to bring them into more mainstream use. The value of cryptocurrencies such as Bitcoin have enjoyed a recent resurgence, with the underlying distributed ledger technology (DLT) reinforcing the good long-term outlook.
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