Cryptocurrency, often referred to as “crypto,” is a type of digital or virtual currency that uses cryptography for security. Unlike traditional currencies issued by governments (fiat currencies), cryptocurrencies operate on decentralized networks based on blockchain technology. Bitcoin was the first cryptocurrency, introduced in 2009, and since then, numerous other cryptocurrencies have been created, each with its unique features and purposes. Cryptocurrencies enable secure, peer-to-peer transactions without the need for intermediaries like banks.

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