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In recent years, digital currency has become a common discussion point in financial circles and beyond. Comprehending of these digital assets is essential for people looking to immerse themselves in the world of modern finance. What is Cryptocurrency? Cryptocurrency is a form of virtual currency that uses cryptography for security. Unlike traditional currencies, cryptocurrencies are dispersed, meaning they function without a central bank. Bitcoin was the first digital coin, launched in 2009, and it paved the way for numerous