Cryptocurrency is a digital form of money that exists purely online and uses encryption to secure transactions and verify the transfer of assets.1
Unlike traditional currencies, it operates on a decentralized network called a blockchain, meaning no government or bank has central authority over it.2
While often used for fast, borderless payments, many people also treat it as a high-risk investment due to its tendency for rapid price changes.
Would you like me to explain how a specific cryptocurrency like Bitcoin or Ethereum works?
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