What is crypto?
Understand the Problem
The question is asking for a definition or explanation of what cryptocurrency is, which encompasses various concepts such as digital currency, blockchain technology, and decentralized finance.
Answer
Cryptocurrency is a digital currency using cryptography for secure transactions, often decentralized and internet-based.
Cryptocurrency is a digital or virtual currency that uses cryptography for security. It is typically decentralized and operates on technologies like blockchain, acting as a digital medium of exchange over the internet.
Answer for screen readers
Cryptocurrency is a digital or virtual currency that uses cryptography for security. It is typically decentralized and operates on technologies like blockchain, acting as a digital medium of exchange over the internet.
More Information
Cryptocurrencies like Bitcoin were designed to function without a central bank or single administrator. They are known for enabling peer-to-peer transactions and are seen as both innovative financial tools and volatile investment options.
Sources
- What is cryptocurrency and how does it work? - Kaspersky - usa.kaspersky.com
- What is cryptocurrency? - Coinbase - coinbase.com
- Cryptocurrency Explained With Pros and Cons for Investment - investopedia.com
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