Cryptocurrency

Cryptocurrency refers to digital or virtual currencies that use cryptography for security and operate independently of a central authority, typically utilizing blockchain technology to gain decentralization, transparency, and immutability. These digital assets are typically used as a medium of exchange, utilizing a peer-to-peer network to validate transactions and eliminate the need for intermediaries like banks. Cryptocurrencies are known for their volatility, with prices often subject to significant fluctuations in the market.

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