Cryptocurrencies are digital or virtual currencies that a central bank does not issue. They are considered an alternative payment method to paper currency and coins.
Cryptocurrencies have no physical form, but they can be traded on the internet as money. Cryptocurrency is a subset of digital currencies, which are types of currency that exist only in electronic form and aren’t issued by any country’s central bank.
They’re also called “decentralized” currencies because any government or country doesn’t control them. Bitcoin, Litecoin, and Ethereum are examples of cryptocurrencies.
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