What is Cryptocurrency?
What is Cryptocurrency?
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Cryptocurrency, shortened to crypto, is a form of digital money secured by encryption and powered by decentralized networks. Bitcoin, introduced in 2009, was the very first and remains the most famous.
It’s Digital
Crypto exists entirely online. You store it in secure digital wallets and can send it instantly to anyone, anywhere in the world.
It’s Currency
Like cash or credit, crypto functions as money. Instead of paper bills, it’s measured in digital units called “tokens” that can be divided into tiny fractions.
For example, you can buy $1 worth of Bitcoin rather than needing a whole coin.
It’s Decentralized
No single entity controls cryptocurrency like a government, company, or bank. It runs on a global network of computers, making it censorship‑resistant and open to anyone.
Non‑Counterfeitable
Advanced cryptography prevents tokens from being copied or forged. Every transaction is immutably recorded on a public ledger.
It’s a Technology
Most cryptos run on blockchain: a distributed, transparent ledger maintained by nodes around the world, ensuring security and trust.
It’s Growing
Since Bitcoin’s launch in 2009, thousands of new cryptocurrencies have appeared—each with unique features and use cases. Popular examples include Bitcoin (BTC), Ethereum (ETH), and our own $EARN token.
Common Properties
Most cryptocurrencies share these core attributes:
- Digital & Global
- Decentralized
- Non‑Counterfeitable
- Securely Stored in Wallets
- Instantly Transferable
