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Cryptocurrency Introduction
Cryptocurrency is a type of digital currency created through code, operating independently of traditional banking and government systems. Its main features include:
Decentralization: Cryptocurrencies are not regulated by central authorities, but managed through peer-to-peer internet protocols.
Cryptography: Cryptography is used to secure transactions and specify the creation of new units.
Blockchain: Cryptocurrencies are controlled through a blockchain transaction database, which is a type of distributed public ledger.
Digital Wallet: Cryptocurrencies are stored in digital wallets, and transactions are conducted using keys.
Production Process: The production process of most cryptocurrencies is slow and yields are scarce, giving them a scarcity similar to precious metals like gold.
Use Cases: Although initially aimed at providing a new payment method for online transactions, cryptocurrencies have not been widely accepted, mainly used for speculation and investment.
Security: Cryptocurrencies use blockchain technology and two-factor authentication processes to provide security, but there is still a risk of hacker attacks.
