What is cryptocurrency?

Cryptocurrency is a digital or virtual form of currency that uses cryptography for security. It operates independently of a central authority, such as a government or financial institution, and is typically decentralized. Cryptocurrencies are stored in digital wallets and can be used for online transactions, investments, and as a medium of exchange. The most well-known cryptocurrency is Bitcoin, but there are thousands of other cryptocurrencies in existence, each with its own unique features and uses.

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