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What is Cryptocurrency?

  • Cryptocurrency is a digital form of currency that operates on a technology called blockchain.
  • Key features of cryptocurrencies include decentralization, security through cryptography, and lower transaction costs.
  • Popular cryptocurrencies include Bitcoin, Ethereum, Litecoin, Ripple, and stablecoins.
  • Benefits of cryptocurrencies include decentralization, security, lower transaction costs, global accessibility, and potential for high returns.
  • Challenges associated with cryptocurrencies include volatility, regulatory uncertainty, security concerns, and scams/fraud.

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