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Cryptocurrency 101: A Beginner's Guide to the World of Digital Assets

Cryptocurrency 101: A Beginner's Guide to the World of Digital Assets What is Cryptocurrency? Cryptocurrency is a digital or virtual currency that uses cryptography for security. It operates independently of a central bank or government, making it decentralized. How Does Cryptocurrency Work? Cryptocurrencies use a technology called blockchain. A blockchain is a distributed ledger that records transactions across many computers. This makes it difficult to hack or cheat the system. Key Features of Cryptocurrency  1. Decentralization: No single authority controls the network.   2.  Security : Cryptography ensures the security of transactions.  3. Transparency: All transactions are recorded on the blockchain.  4. Pseudonymity: Users can transact under pseudonyms. Popular Cryptocurrencies  5.  Bitcoin : The original and most well-known cryptocurrency.  6. Ethereum: A platform for building decentralized applications (dApps).   7. Binance Coin (BNB) : The native cryptocurrency of the Bina