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Cryptocurrency

Cryptocurrency, often referred to as crypto, is a type of digital or virtual currency that uses cryptography for security. Unlike traditional currencies issued by governments (fiat currencies), cryptocurrencies operate on decentralized networks based on blockchain technology, a distributed ledger that records all transactions across a network of computers. This decentralization makes them resistant to government control or interference. The most well-known cryptocurrency is Bitcoin, created in 2009, but there are thousands of others, including Ethereum, Ripple, and Litecoin.

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