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Cryptocurrency is a type of digital or virtual currency that uses cryptography for security. It operates on decentralized networks, typically based on blockchain technology, which is a distributed ledger enforced by a network of computers, called nodes. Bitcoin, created in 2009, was the first decentralized cryptocurrency, and since then, numerous others, such as Ethereum, Ripple, and Litecoin, have emerged. Cryptocurrencies offer potential benefits like increased security, reduced transaction costs, and financial inclusion, but they also pose risks due to price volatility, regulatory uncertainties, and security concerns. Investors should approach the crypto market with caution and conduct thorough research before participating.net