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GLOSSARY

Cryptocurrency

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Cryptocurrency is a digital form of currency that uses cryptography for secure and decentralized transactions.

What is Cryptocurrency?

Cryptocurrency is a type of digital currency secured by cryptography that enables decentralized transactions online.

Why Does It Matter?

Cryptocurrencies provide a secure, borderless, and transparent way to conduct financial transactions without the need for intermediaries like banks.

Examples of Cryptocurrencies

  • Bitcoin: The first and most well-known cryptocurrency.
  • Ethereum: Known for its smart contract functionality.
  • Ripple: Designed for fast global transactions.

Concepts

Blockchain: The underlying technology that powers cryptocurrencies by creating a decentralized ledger of transactions.

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