Questions tagged [explain]

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Elena Elena Thu Mar 28 2024 | 5 answers 1201

How do you explain cryptocurrency?

Could you possibly simplify the concept of cryptocurrency for me? I've heard the term a lot recently, but I'm not entirely sure what it actually means. Is it just digital money? And how does it work? Is it safe to use? I've also heard about Bitcoin and Ethereum, are they examples of cryptocurrency? If so, what makes them different from other types of crypto? And finally, what are the potential benefits and risks involved in investing in cryptocurrency?

How do you explain cryptocurrency?

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