Cryptocurrency
Digital currency secured by cryptography, independent from banking systems.
Beginner-friendly explanation
A cryptocurrency is digital money. It exists only online and has no physical coins or bills. It uses special cryptographic techniques to secure transactions and prevent fraud.
Example: Bitcoin, Ethereum, and Litecoin are cryptocurrencies.
Intermediate-level insight
Cryptocurrencies operate through decentralized networks called blockchains. Each transaction is verified by network participants (nodes or miners) without needing a central bank. They allow people to exchange value directly, quickly, and securely.
Example: Paying a friend with Bitcoin without using a bank is possible thanks to cryptocurrency.
Advanced perspective
A cryptocurrency is a digital asset designed to function as a medium of exchange, a store of value, or a unit of account, depending on its economic design (tokenomics). Its governance can be decentralized (DAO), semi-centralized, or algorithmic.
Example: A DeFi project uses a native cryptocurrency to reward users and govern its evolution through decentralized voting.
Cryptocurrencies & Tokens
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