What Is Cryptocurrency

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Cryptocurrency: digital or virtual currency secured by encryption techniques.

Decentralized: operates without a central authority.

Blockchain technology: a transparent and secure ledger for recording transactions.

Bitcoin: the first cryptocurrency, introduced in 2009 by Satoshi Nakamoto.

Peer-to-peer transactions: direct fund transfers without intermediaries.

Cryptocurrency value: influenced by supply and demand, market sentiment, and technology.

Advantages: fast and borderless transactions, lower fees, financial inclusion.

Risks: price volatility, regulatory uncertainties, security breaches.

Altcoins: alternative cryptocurrencies to Bitcoin.

Mainstream adoption: businesses accepting cryptocurrencies for payment and investment.

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