Cryptocurrency

 Cryptocurrency is a type of digital or virtual currency that uses cryptography for security. Unlike traditional money issued by governments (like rupees or dollars), cryptocurrencies operate on decentralized networks based on blockchain technology. This makes them secure, transparent, and resistant to fraud.

Key Features of Cryptocurrency:

  1. Decentralized: No central authority (like a bank or government) controls it.

  2. Blockchain Technology: Transactions are recorded on a public ledger, making them secure and transparent.

  3. Anonymity: Users can make transactions without revealing their identity.

  4. Global Transactions: Can be sent and received worldwide with lower fees than traditional banking.

  5. Limited Supply: Many cryptocurrencies (like Bitcoin) have a fixed supply, making them scarce and valuable.

Popular Cryptocurrencies:

  • Bitcoin (BTC) – The first and most well-known cryptocurrency.

  • Ethereum (ETH) – Known for smart contracts and decentralized applications.

  • Ripple (XRP) – Used for fast and low-cost international transactions.

  • Litecoin (LTC) – A faster alternative to Bitcoin.

  • Pi Network (PI) – A new digital currency that can be mined on a mobile phone.

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