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Cryptocurrencies are virtual currencies that operate on a decentralized network using blockchain technology. Unlike traditional currencies cryptocurrencies are not controlled by any central authority such as a government or a bank. Instead they rely on cryptography to secure transactions and regulate the creation of new units. The most well-known cryptocurrency is BTC which was created in 2009 by an anonymous person or group known as the pseudonymous founder. Since then many other cryptocurrencies have emerged including Ethereum Litecoin and XRP each with its own unique features and uses. One of the key features of cryptocurrencies is their decentralization meaning that no single entity controls the network. This is made possible by the use of blockchain a transparent ledger that records all transactions across a network of computers ensuring immutability and trust. Cryptocurrencies are often used for transactions or as investments with many people viewing them as a store of value |
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