Cryptocurrency, often referred to as "crypto", is a digital or virtual currency that uses cryptography to secure and verify transactions and to control the creation of new units. Cryptocurrencies oper... View MoreCryptocurrency, often referred to as "crypto", is a digital or virtual currency that uses cryptography to secure and verify transactions and to control the creation of new units. Cryptocurrencies operate independently of central banks and can be transferred directly between individuals without the need for a third party intermediary like a bank or credit card company.
Bitcoin is the first and most well-known cryptocurrency, but there are now thousands of different cryptocurrencies in circulation, each with its own unique features and use cases. Some of the other popular cryptocurrencies include Ethereum, Litecoin, Bitcoin Cash, and Ripple.
Cryptocurrencies are created through a process called mining, which involves using powerful computers to solve complex mathematical problems. This process helps to secure the cryptocurrency network and ensures that transactions are validated and recorded accurately.
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