Cryptocurrency is a digital asset designed to work as a medium of exchange that uses cryptography to secure its transactions, to control the creation of new units, and to verify the transfer of assets. Cryptocurrencies are decentralized, meaning they are not subject to government or financial institution control.
Bitcoin, the first and most well-known cryptocurrency, was created in 2009. Cryptocurrencies are often traded on decentralized exchanges and can also be used to purchase goods and services.
Why Use Cryptocurrency?
There are a number of reasons why people might use cryptocurrency. Some people believe that cryptocurrencies are a more secure way to store money than traditional currency. Cryptocurrencies are also pseudonymous, meaning that the identity of the person controlling a cryptocurrency address is not always known. This can make it difficult for law enforcement to track criminals. Finally, cryptocurrencies can be used to circumvent traditional financial institutio
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