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Cryptocurrency, often referred to as crypto, is a revolutionary form of digital currency designed to function as a decentralized medium of exchange. Unlike traditional currencies controlled by governments and central banks, crypto relies on blockchain technology, a secure and transparent ledger that records all transactions. Popular cryptocurrencies such as Bitcoin and Ethereum have paved the way for financial innovation, enabling fast, borderless transactions with minimal fees. Beyond payments, crypto has diverse applications in areas like decentralized finance (DeFi), non-fungible tokens (NFTs), and smart contracts, transforming industries and empowering individuals with greater control over their assets. As the world embraces digital transformation, crypto continues to redefine the future of money and finance.
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