What is a cryptocurrency and how does it work?
Digital Currency: Cryptocurrency is digital, secured by cryptography, and lacks physical form.
Decentralization
It operates on decentralized networks, typically using blockchain technology.
Blockchain Technology
Transactions are recorded in a chain of blocks maintained by network nodes.
Security
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Ownership and Wallets
Digital wallets are needed to manage and access cryptocurrency holdings.
Digital Signatures
These prove ownership and authorize transactions, verified on the network.