Crypto currency
Cryptocurrency is a digital or virtual currency that uses cryptography for security and operates independently of a central bank. It is a decentralized form of currency, meaning that it is not controlled by a single entity or government. Instead, it is maintained by a network of computers that collectively verify and process transactions.
Cryptocurrencies are created through a process called mining, in which powerful computers solve complex mathematical equations to validate and record transactions on a public ledger called a blockchain. Transactions made using cryptocurrency are secure and transparent, as they are recorded on the blockchain, and cannot be altered or tampered with.
Bitcoin was the first and most well-known cryptocurrency, but there are now thousands of different cryptocurrencies, each with its unique features and uses. Some of the most popular cryptocurrencies include Ethereum, Litecoin, Ripple, and Bitcoin Cash. While some people view cryptocurrencies as a speculative investment, others use them as a means of payment or as a store of value.
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