What Are Cryptocurrencies

What Are Cryptocurrencies

Cryptocurrency is a digital or virtual currency that uses cryptography for security. It is not issued by any central authority, rendering it theoretically immune to government interference or manipulation. Cryptocurrencies are decentralized and distributed across networks of computers around the world, making them resistant to fraud and censorship.

Definition of Cryptocurrency: Cryptocurrency is a form of digital money that exists only in the digital world. Unlike physical currencies such as dollars or euros, cryptocurrencies are not regulated by any central bank or government entity and can be used anonymously for transactions between two parties without intermediaries. Transactions are recorded on a public ledger called the blockchain which allows users to verify their transactions with other users on the network.

What Are Cryptocurrencies

what are cryptocurrencies

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