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Alex
@alexsobol
What is cryptocurrency? A cryptocurrency is a digital/virtual currency that uses cryptography for security. Bitcoin, created in 2009, is the best known. 🌐 📌 Key Points: Decentralization: Operates without a central authority; transactions are peer-to-peer. 🤝 Blockchain: Decentralized ledger in which all transactions are securely encrypted in blocks. 🔗 Wallets: Stores, sends, and receives cryptocurrencies; securely manages private keys. 🛡️ Cryptocurrencies provide financial privacy, security, operate outside of traditional banking systems. Used for smart contracts, dApps. 📈 Understanding these basics is critical to learning about digital assets.
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