Cryptocurrency is a digital or virtual currency that uses cryptography for security. It is decentralized and not controlled by any government or financial institution. Cryptocurrencies are digital or virtual tokens that use cryptography for security, making it difficult to counterfeit. A cryptocurrency is difficult to fake because of this security feature. A defining feature of a cryptocurrency, and arguably its biggest allure, is its organic nature; it is not issued by any central authority, rendering it theoretically immune to government interference or manipulation.
Cryptocurrencies are based on distributed ledger technology, which allows them to be secure and transparent. Transactions in cryptocurrencies are recorded on a public ledger called a blockchain. The technology behind cryptocurrencies allows them to be decentralized and not controlled by any single entity, such as a bank or government. This makes them resistant to censorship and fraud.
There are many different cryptocurrencies available, with the most well-known being Bitcoin. Other popular cryptocurrencies include Ethereum, Litecoin, and Monero.
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