What is Cryptocurrency

What Can You Do with Cryptocurrency?

Cryptocurrency is a type of digital or virtual currency that uses cryptography for security. Unlike traditional currencies (like rupees or dollars), cryptocurrencies are decentralized and operate on blockchain technology, which is a secure and transparent digital ledger

Key Features of Cryptocurrency:

Decentralized – Not controlled by any government or central bank.

Blockchain-based – All transactions are recorded in a public, tamper-proof ledger.

Secure and Private – Uses cryptographic techniques to keep transactions safe.

Digital Only – Exists online; no physical coins or notes.

Limited Supply – Most cryptocurrencies have a fixed supply (e.g., Bitcoin: 21 million coins).

Examples of Popular Cryptocurrencies:

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

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

USDT (Tether) – A stablecoin backed by traditional currency.

What Can You Do with Cryptocurrency?

Buy goods and services (where accepted).

Invest or trade for profit.

Send money globally at low fees.

Participate in decentralized finance (DeFi) and blockchain apps.

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