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Cryptocurrency In 5 Minutes - Cryptocurrency Explained - What Is Cryptocurrency? - SimplilearnAt its inception, Bitcoin was designed to be a decentralized digital currency allowing for peer-to-peer transactions without a central authority. The blockchain works as a ledger, tracking every Bitcoin transaction, and is self-verifying, meaning that the entire network of nodes � different computers. Crypto batch payment in blockchain refers to the multiple transaction processing of cryptocurrencies. You are able to perform operations on.