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Get acquainted with the basics of the blockchain and cryptocurrency world. If you need any other explanations, let us know we're here to help.

Bitcoin

What is Bitcoin?

Bitcoin is the oldest and best-known cryptocurrency. It was born on 3 January 2009. More than 16.7 million bitcoins were in circulation as of December 2017 with a total value of about USD 250 billion. That’s still almost nothing compared to...

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Is it safe to use Bitcoin?

We could, in turn, ask whether it’s safe to use the US dollar. As with any other type of money, there are specific issues Bitcoin users need to know about in order to keep their funds as safe as possible. They include Bitcoin price changes...

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Bitcoin pros and cons

Many are attracted to Bitcoin by its independence and pseudo-anonymity. But its convenience of use, speed and costs are not always as attractive as one would like. The main advantage of using Bitcoin for payment is you do not need a middleman...

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How to buy Bitcoin?

Bitcoins can be bought for US dollars, euros or another fiat or cryptocurrency on a crypto exchange, directly from other individuals, or using a special ATM. It’s good to know that you can buy fractions of a bitcoin. So you don’t have to...

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How to store Bitcoin?

Bitcoins are stored on the Bitcoin blockchain network. A special program – a “wallet” – is needed to access and use one’s coins. The wallet safeguards the secret code you need to use your bitcoins and helps manage transactions...

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How to choose a Bitcoin wallet?

First decide whether you need an online wallet, an offline wallet, or both. Then you can consider specific wallets. Wallet types are mainly about security and convenience: online wallets are more suitable for daily use but aren’t very secure...

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How to sell Bitcoin?

You can sell bitcoins online via exchanges and peer-to-peer platforms, and offline by meeting a buyer in person. You might also be able to do so using a Bitcoin ATM. The fees and price will differ, as will levels of security, privacy, and...

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What is Bitcoin mining?

The process of confirming Bitcoin transactions and recording them on the distributed ledger is called “mining”. The mining process helps to decentralize the network’s security and create new bitcoins. Put very simply, it works like...

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How to mine Bitcoin?

Mining 1 bitcoin a year might cost you thousands of dollars. If you’re lucky. When Bitcoin was launched in 2009 it was possible to mine the first cryptocurrency using a personal computer. Now, with more and more miners joining the race for...

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Why do Bitcoin have value?

Bitcoins have value for the same reason the US dollar does – it’s a useful form of money that’s used by people to buy and sell things. While the US dollar’s value is supported by the government, which gives it a legal status and uses...

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How is the price of bitcoins set?

Two words: demand and supply. The price goes up when demand for bitcoins grows, and it goes down when demand wanes. So the price of Bitcoin shows how much people are willing to pay for it at a given time based on their expectations regarding...

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How to accept Bitcoin in business?

You can either do it with help from third parties, or customers can pay you in person without a middleman. That applies to both online and offline businesses. The easiest way may be to use a Bitcoin payment processor service with existing...

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How Bitcoin mining works?

In traditional fiat money systems, governments simply print more money when they need to. But in bitcoin, money isn’t printed at all – it is discovered. Computers around the world ‘mine’ for coins by competing with each other.

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What can I buy with Bitcoin?

Now that you finally have your own digital coins, you must be wondering what to buy with bitcoins. Some businesses stopped accepting Bitcoin due to the volatility in price, but that doesn’t mean that you can’t use the coins as a method of...

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Who accepts Bitcoin?

Who accepts bitcoins as payment? Since Bitcoin is relatively new and many businesses are wary of its price fluctuations, it is not very widely accepted, compared to traditional fiat currencies. However, retailers and services that accept...

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How to invest in Bitcoin?

After seeing how the prices can double and even triple in a short timeframe, you must be wondering how to invest in Bitcoin. This does not have to be a difficult thing - buying and investing in Bitcoin are becoming quite commonplace. Before...

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How to get free Bitcoins?

Now that you’ve learned how to get Bitcoin, you must be wondering if there is an easier way. To be fair, there is no such thing as free money. If you ever stumble upon a message that says, “Send me a certain amount of Bitcoin or Ethereum...

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Is Bitcoin a pyramid scheme?

Everybody would like to make money as quickly and simply as possible. This has brought to life many frauds and scams that take advantage of gullible people. Pyramid schemes are one of them, as are Ponzi schemes and the similar. Being wary of...

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How to make a paper Bitcoin wallet

If you’ve learned about ways to store Bitcoin, you have probably heard of the Bitcoin paper wallet. Since it is a highly secure way to store your stash, you must be wondering how to make a Bitcoin paper wallet. It is simply a public and...

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Is Bitcoin a bubble?

Ever since the inception of Bitcoin, but especially following its jump in popularity, there have been questions on whether it is safe to invest. Nobody wants to lose their life savings because of FOMO (Fear of Missing Out), therefore one of the...

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Is Bitcoin Legal?

When dealing with money, you want to be on the safe side, and learning more about Bitcoin regulators’ opinions, licenses and tax laws can help you put your concerns about Bitcoin to rest. There is no simple answer to the question, “Is...

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Who controls Bitcoin?

Since we know that fiat money is controlled by governments and banks, who controls Bitcoin is the next question. This is simply answered through its decentralized nature: nobody and everybody at the same time. There is no authority that makes...

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Who created Bitcoin?

Who created Bitcoin? Bitcoin is the product of Satoshi Nakamoto, an unknown individual or group of people. Nobody knows who Satoshi is, although he claimed to be a 37-year-old male who lived in Japan, but some speculated he was unlikely to be...

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Difference of Bitcoin from traditional currencies

The relationship between Bitcoin and traditional currencies is a complex one. Bitcoin seeks to undermine the traditional way of dealing with money, so Bitcoin vs traditional money is a natural opposition. The difference of Bitcoin from...

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3 Ways To Set Up a Bitcoin Wallet

To be able to buy and sell Bitcoin, you need a wallet. It is a bit similar to a bank account, where you receive, store, and send Bitcoin. The wallet safeguards the secret code you need to use your bitcoins and helps manage transactions. Let us...

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Bitcoin Wallets for Beginners

Bitcoin is far from a traditional currency, so the approach to it should be different as well. This is also why you need a Bitcoin wallet: since Bitcoin is not a physical thing, it can’t be stored just anywhere. There are several types of...

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Hardware for Bitcoin mining

To understand the topic of hardware for Bitcoin mining, you first need to understand what is Bitcoin mining. Bitcoin mining is the process by which transactions are verified and added to the public ledger, known as the blockchain, and also the...

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How to buy and sell Bitcoin in India?

Regulatory concerns are not to be taken lightly, and India is no different: for example, the Indian government has said that Bitcoin can't be used as a part of the payments system. However, nobody expressly forbid people from trading in...

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How to buy Bitcoin with cash?

Why buy Bitcoin with cash in the first place? Well, it’s private and usually quick, and one of the easiest ways to get Bitcoins. If you’d like to sell Bitcoin for cash, following this guide will help you too. Finding ways how to buy Bitcoin...

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Top 10 Bitcoin Security Tips

You bought your coins and now you want to keep them as safe as possible. Read our Top 10 Bitcoin security tips to find out how. Store Private Keys Offline It should go without saying that your private key is absolutely private and should not...

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Before you buy Bitcoin

There are several things you need to know before you buy Bitcoin, and our guide will take you through them. The internet is full of pieces of advice about buying Bitcoins, but what you need to keep in mind is that not everything applies to every...

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Before you sell Bitcoin

Following our guide on buying Bitcoin, there are also things you should keep in mind before you sell Bitcoin. Now that you have your own coins, the process of finding a place where to sell Bitcoin does not have to be tedious either. The...

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How to accept Bitcoins in my store

You have decided that Bitcoins are the perfect payment option for your business. I, too, would be wondering how to accept Bitcoins in my store. As usual, Cryptonews.com is there to help! Step 1a: Creating Your Bitcoin Address First, you need...

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5 Methods to Buy Bitcoin With PayPal Instantly

You already have a PayPal account, and you’d rather not go through the hassle of buying Bitcoin through any other means. You may also know that PayPal has mostly looked favorably upon buying Bitcoin, but finding places to buy Bitcoin with PayPal...

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10 reasons why your business should accept Bitcoins

You’ve started your own business and added the general means of payment, like credit card and PayPal. However, you’ve been considering adding Bitcoin - or any other cryptocurrency - as well, either to boost your popularity or to bolster crypto...

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How to buy Bitcoin with Paypal?

If you’re new to cryptocurrency but already have a PayPal account and money in it, you may want to know how to buy Bitcoin with PayPal. It turns out if you want to do that, it’s a bit more tricky - and much more expensive. One of the main...

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How to buy Bitcoins with a credit card?

Buying Bitcoins using a credit card used to be very difficult. But as the industry is spreading and encompassing many different methods, finding out how to buy Bitcoins with a credit card is not nearly as difficult as it used to be. There are...

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How to buy and sell Bitcoin in Canada?

Living in Canada is great if you want to buy Bitcoin, since most well-trusted exchanges are supported there. The problem may be where to start. Find out how to buy Bitcoin in Canada, especially if you’d prefer to go with local options, through...

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How to buy and sell Bitcoin in UK?

As the cryptocurrency industry overcomes boundaries and country borders, it gets easier to buy Bitcoin in the UK, and not much different than buying it from, say, Canada. If you’d prefer to use businesses that are from the UK, among the leading...

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Bitcoin cold storage

What is cold storage for Bitcoin is one of the most often asked questions due to the rising popularity and people’s need to keep their coins secure. The storage (or a wallet) safeguards the secret code you need to use your bitcoins and helps...

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Should I buy Bitcoin?

Ever since Bitcoin almost reached USD 20,000 in December 2017, “Should I buy Bitcoin?” has been among the most popular questions, closely followed by, “Should I buy Bitcoin now or am I too late?” To preface this, we must say that we are...

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How does bitcoin work?

If you are wondering how to use Bitcoin, studying its inner workings might help, too. You may have discovered that the questions about Bitcoin more often refer to what it is, rather than how does Bitcoin work. In fact, these two are inextricably...

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Countries in which Bitcoin is banned or legal

When preparing to buy Bitcoin, one of your first steps should be to find out whether it is legal in your country or not. If you already know the state of your own country but are curious for the rest of them, read on! Bitcoin is not just legal or...

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Bitcoin History

Public Bitcoin history begins on 18 August 2008, when the domain name bitcoin.org was registered. Later that year on 31 October, a link to a paper authored by mysterious Satoshi Nakamoto titled “Bitcoin: A Peer-to-Peer Electronic Cash System”...

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Ethereum

What is Ethereum?

It’s a decentralized platform for building and using applications on a blockchain distributed ledger. It’s also referred to as a “world computer”, since the Ethereum platform uses the computing power of the computers connected to its...

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What is ether?

Ether is the cryptocurrency needed to use the Ethereum platform and its products. Developers must pay in ether to build applications and smart contracts on the Ethereum platform (blockchain), and users have to pay in ether to run them...

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Before You Sell Ethereum

Whether you buy it or mine it, sooner or later you may feel that you are better off selling your Ethereum (ETH). Your reasons for it may vary: you may simply decide that the number of businesses allowing direct purchases with Ethereum is still too...

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Countries in which Ethereum is banned or legal

If you are looking forward to buying, selling or spending Ethereum (ETH), the safest course of action to take in advance is checking if Ethereum is, in fact, legal in your country. In some countries, even the mere possession of cryptos can get...

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Hardware for Ethereum Mining

So, you want to get your hands on ether but the speculations that come with buying it are not really your thing? Good, you can instead get your hands dirty with mining, if you allow us to show you how to choose hardware for Ethereum mining. Yet...

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How to Buy and Sell Ethereum in India?

In India, the popularity of Ethereum (ETH) is on the rise as it’s probably the second most talked about crypto after bitcoin. This is followed by the increasing public interest in either mining or trading Ethereum, which are the two basic...

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How to buy Ethereum with cash?

If you are wondering how to buy Ethereum with cash, you must have already considered the pros and cons of doing it. When it comes to benefits, two advantages first come to mind: the ease of the process and the privacy that goes with it. If you...

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How to Buy Ethereum with PayPal?

Buying Ethereum with PayPal is an attractive option for the buyers facing banking restrictions in their countries of residence. At the same time, this is a viable alternative to banks whose transaction or conversion fees are considered too high...

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How to buy and sell Ethereum in Canada?

Buying and selling Ethereum (ETH) in Canada is an intriguing option for many residents of this country who want to jump on the crypto-popularity bandwagon. If upfront costs and technical fuss of mining are not your cup of tea and you wonder how to...

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How to buy and sell Ethereum in the UK?

Ethereum’s emergence as the second most popular cryptocurrency has not passed unnoticed in the UK, with a growing number of people wanting to know how to buy Ethereum in the UK, sell it or trade with it. Despite its ambition to become a global...

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How to invest in Ethereum?

The sound of cryptocurrency coins echoes across the world and many people find it enticing enough to try their hand at investing in cryptos. Ethereum (ETH) is no different from others in that respect and its rapid expansion surely gives wind to...

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How to buy Ethereum with a Credit Card?

A credit card is among the most convenient means of payment for everyday use. This made the cryptocurrency enthusiasts wonder if the same accessibility and convenience can be used to buy ETH with a credit card. So, an increasing number of...

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How does Ethereum work?

Whether you trade it, buy it or mine it, Ethereum (ETH) will surely grab your attention once you begin to ask yourself: how does Ethereum work, after all? For starters, you have to know that Ethereum, as a cryptocurrency, is inextricably linked to...

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Who Accepts Ethereum?

Mining and buying cryptos is no small feat today, which is why those who manage to acquire Ethereum have every right to ask themselves who accepts Ethereum as payment once the dust has settled. If you’ve been wondering the same thing, you’ve...

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How to Get Free Ethereum?

Once you learn that investing in Ethereum requires some sweat and brains, you may start wondering if it is possible to actually earn free Ethereum (ETH) and collect it without any effort or investment. Now, knowing that there is no such thing as...

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Who Created Ethereum?

Back in 2008, bitcoin was invented as a revolutionary way we approach online payment, security and privacy. Just three years later, the Ethereum platform was invented with an even greater ambition: to change our perception of the World Wide Web...

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Who Controls Ethereum?

If you are a proud user of Ethereum (ETH) or its native blockchain platform, you may be wondering who really controls Ethereum and is there a mastermind pulling the strings in this case? The question is not without merit, but even those that are...

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3 Ways to Set Up an Ethereum Wallet

So, you have decided you want to mine, buy or sell Ethereum (ETH). Despite it being a cryptocurrency, this does not mean that you don’t need a place to store it. To be fair, you do not actually “store” your precious ETH in these wallets as...

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5 Reasons Why Your Business Should Accept Ethereum

Ethereum (ETH) is predicted to become the most important global cryptocurrency after bitcoin in the short term. In the meantime, Ethereum currency is already gaining traction among various businesses which is why we give you 5 reasons why your...

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3 Methods to Buy Ethereum with PayPal Instantly

PayPal has the benefit of being both fast and widespread enough so as to make itself an essential online payment system. Yet, can we make use of its qualities to buy Ethereum (ETH) without hassle? Luckily for you, there actually are 3 methods to...

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Blockchain

What is Blockchain?

Put simply, blockchain is data that’s stored and maintained by a decentralized network of computers. This is trustless technology which can radically change the world as we know it, redefining how we deal with data and transfer value. As an...

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What is a smart contract?

It’s a computer code that simplifies the execution of certain agreements and eliminates the need for a middleman. Take delivery services as an example: a smart contract can automatically transfer money to a courier once a parcel is...

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ICOs

What is an ICO?

An ICO, or Initial Coin Offering, is a new way to raise capital for all sorts of projects by selling a cryptocurrency. It’s mostly used by tech startups. The market saw 235 ICOs in 2017, five times more than in 2016. They helped raise over...

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Why invest in an ICO?

Profit and the opportunity to participate in ambitious projects are what attract investors to ICOs. Backing a crowdfunded project, by comparison, basically means donating money. And in an Initial Public Offering (IPO) – the traditional way...

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What are the risks in an ICO?

Just like the returns on an investment in an ICO can be huge, so too can the risks. The market is still under-regulated. That means investors may be left on their own if an ICO turns out to be a fraud or the project fails. Neither of these...

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Cryptocurrency

What is Cryptocurrency?

Cryptocurrency is a form of digital money. More and more people and companies are starting to use it. Some of this money can be spent on the same goods and services we pay for with traditional “fiat” currencies – dollars, euros, yen, and...

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How do cryptocurrencies differ?

The main differences relate to how coins are produced and spent. Some coins, like Bitcoin, Dash and Monero, are created in a process called “mining” which involves using powerful computers to solve complicated cryptographic puzzles. When...

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Can I create my own Cryptocurrency?

Sure! You don’t even need to be a programmer to create your own cryptocurrency. Several existing blockchain platforms let you to make your own currency – as a community coin, a joke, or for any other reason. They make creating a...

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How to choose an Exchange?

Issues one ought to consider before choosing an exchange include security, liquidity, fees, and user experience. For reviews of top exchanges, you can follow this link. Once you find an exchange that meets your basic requirements –...

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Altcoins

What Is Waltonchain

Launched late in 2017 but conceived and worked upon since 2015 by its founder, Xu Fangcheng, Waltonchain derives its name from the name of Charlie Walton, the inventor of RFID (Radio-frequency identification) technology. Adding to that, the name...

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What Is Cryptonex Coin and Trading Platform

Cryptonex (CXN) is the coin native to the Cryptonex exchange platform and wallet service. Created to facilitate faster transactions between both fiat and cryptocurrencies, the platform already supports a number of fiat currencies as...

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Bitcoin Forks – In Search of the Original Satoshi

Bitcoin forks are a phenomenon which has followed Bitcoin from its foundation, resulting in more than one hundred such projects, all with varying degrees of success and relevancy. Some of the projects are still in the development and do not have a...

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