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Cryptocurrency is a type of digital or virtual currency that uses cryptography for security and operates independently of a central bank or government. It leverages blockchain technology, a decentralized ledger, to ensure transparency and security of transactions. Popular cryptocurrencies include Bitcoin, Ethereum, and Binance Coin, each with unique features and use cases ranging from digital payments to smart contracts. The crypto market is known for its high volatility, attracting investors and traders seeking profits, but it also presents risks such as regulatory uncertainty and security vulnerabilities.
