-
Bitcoin $87,117.4970
-0.35% - Ethereum
$2,421.5228
1.81% - Tether USDt
$0.9989
-0.05% - XRP
$2.2474
2.87% - BNB
$616.6060
1.68% - Solana
$137.3017
0.60% - USDC
$0.9999
0.00% - Dogecoin
$0.2069
2.20% - Cardano
$0.6760
4.83% - TRON
$0.2292
0.54% - Chainlink
$15.4686
6.38% - Litecoin
$126.8873
15.70% - Sui
$2.9811
9.24% - Avalanche
$22.0780
6.32% - Stellar
$0.2938
6.83% - Toncoin
$3.5273
2.59% - UNUS SED LEO
$9.2312
3.93% - Shiba Inu
$0.0...01421
4.57% - Hedera
$0.1964
7.25% - MANTRA
$7.7455
0.62% - Polkadot
$4.8105
10.57% - Hyperliquid
$20.3325
10.95% - Ethena USDe
$0.9993
-0.02% - Bitcoin Cash
$294.0376
4.95% - Dai
$0.9997
0.01% - Uniswap
$8.0712
4.62% - Bitget Token
$3.8811
-7.19% - Monero
$217.1669
-0.86% - NEAR Protocol
$3.0448
6.74% - Pepe
$0.0...08231
6.33%
What is cryptocurrency?
Cryptocurrency, a decentralized digital currency secured by cryptography, offers secure and verifiable transactions and potential financial inclusion.
Oct 08, 2024 at 10:33 am
What is Cryptocurrency
Definition of Cryptocurrency
- Digital or virtual currency
- Secured by cryptography
Key Concepts
- Decentralized: No central bank or authority controls it
- Blockchain: Distributed ledger technology that records transactions
Characteristics
- Transparent and verifiable transactions
- Limited supply (for many cryptocurrencies)
- Anonymity or pseudonymity
- High volatility and speculative nature
Types of Cryptocurrency
- Bitcoin (BTC): The original and most well-known cryptocurrency
- Ethereum (ETH): Supports decentralized applications (dApps)
- Tether (USDT): Stablecoin pegged to the US dollar
- Binance Coin (BNB): Exchange token used on the Binance platform
- Litecoin (LTC): Similar to Bitcoin but with faster transaction times
Benefits of Cryptocurrency
- Secure and transparent transactions
- Potential for financial inclusion
- Cross-border payments without intermediaries
- Investment opportunity
Risks of Cryptocurrency
- High volatility and price swings
- Market manipulation
- Scams and hacks
- Regulation and legal uncertainties
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