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Cryptocurrencies are digital or virtual currencies that use cryptography for security. Unlike traditional currencies, they are decentralized and typically operate on a technology called blockchain. A blockchain is a distributed ledger that records all transactions across a network of computers. This ensures transparency and security, mak
Cryptocurrencies are digital or virtual currencies that use cryptography for security. Unlike traditional currencies, they are decentralized and typically operate on a technology called blockchain. A blockchain is a distributed ledger that records all transactions across a network of computers. This ensures transparency and security, making it difficult for anyone to alter the records.
Bitcoin, created in 2009, was the first cryptocurrency and remains the most well-known. Since then, thousands of alternative cryptocurrencies, often called “altcoins,” have been developed. Cryptocurrencies can be used for a variety of purposes, including online purchases, investment, and as a means of transferring assets.