🚨Introduction🔥
WHAT IS THE CRYPTOCURRENCY ??
Cryptocurrency is a type of digital or virtual currency that uses cryptography for security. Unlike traditional currencies issued by governments (like the U.S. dollar or euro), cryptocurrencies are typically decentralized and operate on a technology called blockchain—a distributed ledger enforced by a network of computers (called nodes).
Here are some key points:
Decentralized: Most cryptocurrencies are not controlled by any central authority, making them resistant to government interference or manipulation.
Blockchain: This is the underlying technology, which records all transactions across a network of computers. It's transparent and secure by design.
Bitcoin: The first and most well-known cryptocurrency, launched in 2009 by an anonymous person or group known as Satoshi Nakamoto.
Other cryptocurrencies: Thousands exist beyond Bitcoin, including Ethereum, Binance Coin, Solana, and Cardano. Each may serve different purposes—from smart contracts to decentralized apps.
Wallets: Users store and manage their cryptocurrencies in digital wallets, which can be software-based or hardware-based.
Volatility: Prices of cryptocurrencies can be highly volatile, attracting both investors and speculators.
Use Cases: Besides trading and investment, they’re used for remittances, decentralized finance (DeFi), NFTs, and more.
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