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Cryptocurrency is a digital or virtual form of currency that relies on blockchain technology for secure and transparent transactions. Unlike traditional currencies issued by governments, cryptocurrencies operate on decentralized networks, meaning no single entity controls them. Bitcoin, the first and most well-known cryptocurrency, introduced the concept in 2009, enabling peer-to-peer transactions without the need for intermediaries like banks. Since then, thousands of cryptocurrencies have emerged, each with unique features and use cases, from smart contracts on Ethereum to privacy-focused coins like Monero.

One of the key advantages of cryptocurrencies is their potential to provide financial services to unbanked populations, offering a way to store and transfer value globally with minimal fees. However, they also face challenges, including regulatory scrutiny, volatility, and concerns about security. Despite these issues, the popularity of cryptocurrencies continues to grow, with more individuals and businesses exploring their potential for investment, innovation, and financial inclusion.