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How Cryptocurrency Works - NYTPi is a new cryptocurrency that a common man can �mine� (or earn) using his/her smartphone. The Pi app does not affect your phone's performance. Before diving in, it's vital to arm yourself with knowledge about blockchain technology and how cryptocurrencies work. � Quora, Inc. Hello there Cryptocurrency is like a digital form of money, but it's not tied to any central authority. Instead, it uses secure.