What is it?
Cryptocurrency is a type of digital money. It uses cryptography for security.
Tech Understandability: Beginner
Simple One-Sentence Definition
Cryptocurrency is a digital form of money that is secure and decentralized.
Analogy or Comparison
Think of cryptocurrency like online tokens that you can use to buy things or invest.
Why it matters?
Cryptocurrency can change how we think about money and transactions. It offers new ways to exchange value.
Fun Fact
Bitcoin, the first cryptocurrency, was created in 2009 by an unknown person using the name Satoshi Nakamoto.
Related Terms
Blockchain: Blockchain is the technology that underlies most cryptocurrencies. It is a secure record-keeping system.
Bitcoin: Bitcoin is the first and most well-known cryptocurrency. It was created to allow peer-to-peer transactions.
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