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CRYPTO
C U R R E N C Y

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INTRODUCTION TO
CRYPTOCURRENCY

Cryptocurrency is a digital or virtual form of currency that uses

cryptography for security. Unlike traditional currencies, it operates on a
decentralized system called blockchain technology, ensuring
transparency and immutability in transactions.

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The concept of cryptocurrency dates

back to the late 1980s, but it gained

HISTORY OF
real momentum in 2009 with the
creation of Bitcoin by an anonymous
person or group known as Satoshi
Nakamoto. Bitcoin introduced the
CRYPTOCURRENCY world to the possibilities of
decentralized digital currencies.

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CRYPTOCURRENCIES WORK
Cryptocurrencies operate on blockchain technology, a distributed ledger that
records all transactions across a network of computers. Each transaction is
verified by network nodes through cryptography and recorded in a public
ledger, making it secure and transparent.

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TYPES OF
CRYPTOCURRENCY
There are thousands of cryptocurrencies
available today, with Bitcoin being the most
prominent. Others include Ethereum, known for
its smart contract functionality, Ripple, used for
cross-border payments, and Litecoin, which
offers faster transaction times.

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BLOCKCHAIN
TECHNOLOGY
Blockchain is the backbone of cryptocurrency. It is a
decentralized ledger of all transactions across a
network. This technology ensures that data is secure,
transparent, and immutable, making it almost
impossible to alter transaction history.

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MINING
CRYPTOCURRENCY
Mining is the process of validating transactions and adding them to
the blockchain. It involves solving complex mathematical problems,
which require significant computational power. Miners are rewarded
with new cryptocurrency coins for their efforts.

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BUYING AND SELLING

CRYPTOCURRENCY
The concept of cryptocurrency dates back to the late
1980s, but it gained real momentum in 2009 with the
creation of Bitcoin by an anonymous person or group
known as Satoshi Nakamoto. Bitcoin introduced the
world to the possibilities of decentralized digital
currencies.

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USES OF
CRYPTOCURRENCY
Cryptocurrencies are used for various purposes,
including online purchases, investment, remittances,
and fundraising for startups through Initial Coin
Offerings (ICOs). Their decentralized nature also
makes them popular for peer-to-peer transactions.

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CHALLENGES AND RISKS

Despite their advantages, cryptocurrencies face challenges like regulatory
uncertainty, high volatility, and security risks. The anonymity they offer can also
facilitate illegal activities, posing a challenge for law enforcement agencies.

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FUTURE OF
CRYPTOCURRENCY
The future of cryptocurrencies is promising, with
increasing adoption by businesses and consumers.
Developments in blockchain technology and
regulatory frameworks will likely shape their
evolution, potentially integrating them further into
the global financial system.

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REGULATION OF
CRYPTOCURRENCY
Regulation varies widely across countries, from outright bans to legal
recognition. Governments are working to establish frameworks to balance
innovation with consumer protection and prevent illicit activities, influencing
the growth and acceptance of cryptocurrencies.

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CRYPTOCURRENCY IN
IN THE GLOBAL ECONOMY
Cryptocurrencies are playing an increasingly important role in
the global economy. They offer new opportunities for investment,
innovation in financial technology, and methods for economic
transactions that bypass traditional banking systems.

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