Cryptocurrency is a digital or virtual form of currency that uses cryptography for security and operates on a decentralized network based on blockchain technology. The most well-known cryptocurrency is Bitcoin, which was created in 2009 by an anonymous person or group of people using the pseudonym Satoshi Nakamoto. Since then, crypto batter thousands of other cryptocurrencies, often referred to as altcoins, have been created, each with its own unique features and purposes.
One of the key features of cryptocurrencies is decentralization, meaning that they are not controlled by any single entity, such as a government or financial institution. Instead, transactions are recorded on a public ledger called the blockchain, which is maintained by a network of computers called nodes. This decentralized nature provides several benefits, including increased security, transparency, and censorship resistance.
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