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What is Cryptocurrency and Why You Should Care

Cryptocurrency is a digital or virtual currency that uses cryptography to secure its transactions and to control the creation of new units. Cryptocurrencies are decentralized, meaning they are not subject to government or financial institution control. Bitcoin, the first and most well-known cryptocurrency, was created in 2009.

Cryptocurrencies are often traded on decentralized exchanges and can also be used to purchase goods and services. While Bitcoin is still the most well-known cryptocurrency, there are now a host of other options, including Ethereum, Litecoin, and Bitcoin Cash. Cryptocurrencies are often traded at a premium on decentralized exchanges, as opposed to traditional exchanges.

There are a number of reasons you should care about cryptocurrency. First, cryptocurrency is a rapidly growing space and is expected to continue to grow in popularity. Second, cryptocurrency is often traded on decentralized exchanges, which can provide opportunities for greater returns. Finally, cryptocurrency can be used to purchase goods and services, which could potentially lead to increased adoption.

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