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⁣About NFT project CryptoKitties

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⁣Cryptocurrencies operate on decentralized networks, typically based on blockchain technology. This means they are not controlled by a central authority, such as a government or financial institution. This decentralization provides a level of security, transparency, and resistance to censorship.

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⁣What determines the success of mining?

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⁣Decentralized Finance (DeFi) protocols are blockchain-based financial applications that aim to replicate and innovate upon traditional financial services in a decentralized manner. These protocols typically run on smart contract platforms like Ethereum and utilize blockchain technology to enable various financial activities without the need for intermediaries such as banks or brokers. Here are some common types of DeFi protocols:

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Cryptocurrencies provide individuals with direct control over their funds. Users can manage their assets without relying on traditional banking systems. This financial empowerment is particularly significant in regions with unstable or restrictive financial environments.

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