Cryptocurrency is a digital currency that uses blockchain technology to ensure secure, transparent, and decentralized transactions. It eliminates the need for traditional banks or intermediaries. Bitcoin, Ethereum, and other cryptocurrencies allow users to send, receive, and store value globally. They power emerging technologies like decentralized finance (DeFi) and non-fungible tokens (NFTs). While crypto offers innovation and freedom, it also carries risks such as price volatility and regulatory challenges.
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