-
Bitcoin $118300
-1.72% - Ethereum
$3591
-0.69% - XRP
$3.478
-3.53% - Tether USDt
$1.001
-0.01% - BNB
$737.7
-0.54% - Solana
$177.3
-2.40% - USDC
$0.9999
-0.01% - Dogecoin
$0.2538
7.04% - TRON
$0.3256
-0.85% - Cardano
$0.8332
-3.48% - Hyperliquid
$44.80
-3.30% - Stellar
$0.4672
-6.09% - Sui
$3.828
-5.98% - Chainlink
$18.15
-3.41% - Hedera
$0.2655
-7.16% - Bitcoin Cash
$517.5
-0.64% - Avalanche
$23.89
-2.37% - Shiba Inu
$0.00001519
-0.45% - UNUS SED LEO
$8.973
0.13% - Toncoin
$3.211
-2.54% - Litecoin
$103.5
-3.58% - Polkadot
$4.313
-3.90% - Uniswap
$10.31
0.67% - Monero
$325.4
-2.88% - Bitget Token
$5.049
3.51% - Ethena USDe
$1.002
0.04% - Pepe
$0.00001346
-2.96% - Dai
$0.9999
-0.02% - Aave
$322.1
-2.93% - Bittensor
$411.9
-4.70%
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
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
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