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As decentralized platforms, blockchain-based cryptocurrencies allow individuals to engage in peer-to-peer financial transactions or enter into contracts. It eventually launched a mainnet and uses a PoS consensus model. It is not just popular among investors but also among its users. However, the necessary infrastructure to develop a central bank digital currency means that these projects are not likely to be launched in the near future. Investopedia is part of the Dotdash Meredith publishing family.

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