1. What is Cryptocurrency?
Cryptocurrency is a type of digital or virtual money that uses cryptography (a special coding technique) for security. Unlike traditional currencies like Rupees or Dollars, cryptocurrency is not controlled by any government or bank. It runs on a technology called blockchain, which is a decentralized and transparent digital ledger.
✅ Key Features of Cryptocurrency:
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Decentralized: No single person or government controls it. It’s run by a network of computers (nodes).
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Digital Only: You can’t hold it like cash. It exists only on the internet.
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Secure: All transactions are encrypted and recorded on the blockchain.
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Transparent: Anyone can see the transaction history on the public blockchain.
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Limited Supply: Most cryptocurrencies have a fixed maximum supply (e.g., Bitcoin has only 21 million coins).
💡 Popular Cryptocurrencies:
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Bitcoin (BTC): The first and most popular cryptocurrency.
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Ethereum (ETH): Known for smart contracts.
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Binance Coin (BNB), Solana (SOL), Ripple (XRP), etc.
📈 Why People Invest in Cryptocurrency:
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High return potential
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Global transactions without a bank
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Inflation hedge
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Decentralized finance (DeFi) opportunities
