Paxos, a prominent cryptocurrency firm, has openly accepted responsibility for an inadvertent transaction fee overpayment of approximately $500,000 in a…
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Cryptocurrency refers to digital or virtual currencies that use cryptographic technology to secure and verify transactions, control the creation of new units, and operate independently of a central bank. Cryptocurrencies, such as Bitcoin, Ethereum, and Litecoin, rely on decentralized systems called blockchains to record and validate transactions.