Cryptocurrency
Cryptocurrency is a form of digital or virtual money that uses cryptography for security, making it difficult to counterfeit. Unlike traditional currencies, it operates on decentralized networks based on blockchain technology, which is a public ledger that records all transactions. This decentralization means no single authority, like a bank or government, controls it. Transactions are transparent and can be made directly between users without intermediaries. Popular examples of cryptocurrencies include Bitcoin and Ethereum. They are often used for online purchases, investments, and in some cases, as a means of transferring value across borders quickly and securely.
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Cryptocurrency is a digital or virtual form of money that uses cryptography for security. Unlike traditional currencies issued by governments, cryptocurrencies operate on a decentralized technology called blockchain, which is a secure and transparent ledger that records all transactions. This means transactions can occur directly between parties without intermediaries like banks. Popular examples include Bitcoin and Ethereum. Cryptocurrencies can be used for various purposes, including online purchases and investment, but their values can be highly volatile, and they are subject to regulatory scrutiny in many countries.