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Crypto Currency Introduction
Crypto currency is a type of digital currency created through code, operating independently of traditional banking and government systems. Its main features include:
Decentralized: Crypto currency is not regulated by central institutions, but is managed through peer-to-peer internet protocol.
Encryption Technology: Uses encryption technology to protect transaction security and specify the creation of new units.
Blockchain: Crypto currency is controlled through a blockchain transaction database, which is a distributed public ledger.
Digital Wallet: Crypto currency is stored in digital wallets, and users conduct transactions through keys.
Production Process: The production process of most crypto currencies is slow and the yield is scarce, giving it a scarcity similar to that of precious metals like gold.
Use Cases: Although originally aimed at providing a new payment method for online transactions, crypto currency has not been widely accepted and is mainly used for speculation and investment.
Security: Crypto currency uses blockchain technology and two-factor authentication processes to provide security, but there is still a risk of hacker attacks.
