What are cryptocurrencies in short?

Simply put, cryptocurrencies are digital currencies that exist only on the internet, with no physical presence like paper money.

They use blockchain technology to maintain transactions securely and transparently, with famous examples being Bitcoin and Ethereum.

In even simpler terms:

An intangible currency.

You transact with it online.

Secured and built on modern technologies like blockchain.

Its value changes according to supply and demand.

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