CryptoCurrency

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22 Dec 2023
11

Cryptocurrency is a type of digital or virtual currency that uses cryptography for security. Unlike traditional currencies issued by governments (fiat currencies), cryptocurrencies operate on decentralized networks based on blockchain technology. A blockchain is a distributed ledger that records all transactions across a network of computers.
The most well-known cryptocurrency is Bitcoin, but there are thousands of others, including Ethereum, Ripple, and Litecoin. Cryptocurrencies enable secure, peer-to-peer transactions without the need for intermediaries like banks. They also often use decentralized control, meaning no single entity has complete control over the currency.
People can acquire cryptocurrencies through mining (a process of validating transactions and adding them to the blockchain), purchasing them on cryptocurrency exchanges, or as a form of payment for goods and services. The value of cryptocurrencies can be highly volatile, and their regulatory status varies across different countries. Anything specific you want to know about cryptocurrencies?







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