Understanding the Cryptocurrency Craze Among Young People

What is Cryptocurrency? A Simple Explanation

Cryptocurrency is a type of digital money. It works without a bank or government. Think of it as cash for the internet. These coins use a secure record-keeping system called blockchain. This tech makes sure every transaction is safe.

Blockchain acts like a public ledger. Everyone can see it, but no one person controls it. This means crypto is decentralized. Most cryptocurrencies also have a limited supply. This makes them similar to gold in their scarcity.

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