#WhiteHouseCryptoSummit ### **What is Cryptocurrency?**

Cryptocurrency is a type of digital or virtual currency that uses cryptography for security. Unlike traditional money issued by governments (fiat currency), cryptocurrencies operate on decentralized networks based on **blockchain technology**—a distributed ledger that records all transactions securely.

#### **Key Features of Cryptocurrency:**

1. **Decentralized** – No central authority (e.g., bank or government) controls it.

2. **Secure & Transparent** – Uses blockchain technology to ensure security and transparency.

3. **Anonymous Transactions** – Users can send and receive payments without revealing personal details.

4. **Borderless & Fast** – Transactions can be sent globally without intermediaries.

5. **Volatile Value** – Prices fluctuate based on demand and supply.

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### **How to Use Cryptocurrency?**

#### **1. Get a Crypto Wallet**