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What is Cryptocurrency?

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Cryptocurrency is a form of digital asset or virtual currency that uses cryptographic technology for security. Unlike traditional currencies issued by governments, cryptocurrencies are decentralized and operate on a network of blockchain technology, which is a distributed ledger that records all transactions in a transparent and secure manner. Bitcoin, introduced in 2009, is the first and most famous example of a digital asset. Besides Bitcoin, there are thousands of other cryptocurrencies such as Ethereum.

 

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