Cryptocurrencies are digital or virtual currencies that use cryptography for security and operate on decentralized networks called blockchains. Unlike traditional currencies issued by governments, cryptocurrencies are typically not controlled by any central authority. The most well-known cryptocurrency is Bitcoin, but thousands of others exist, including Ethereum, Solana, and Ripple. People use cryptocurrencies for various purposes such as online transactions, investments, decentralized finance (DeFi), and even gaming. Their value can be highly volatile, attracting both investors and speculators worldwide.
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