A Beginner's Guide to Cryptocurrencies: What You Need to Know

Cryptocurrency, often called “crypto,” is any type of decentralized, digital currency that’s based on cryptography. Those three terms are key to understanding the thousands of types of crypto being traded today.
Today there are thousands of cryptocurrencies, and while many are designed to provide some new feature or function on a given blockchain platform, most are founded on similar principles to those that established Bitcoin. Crypto is secured by a peer-to-peer network, and users can trade or transfer value — globally and almost instantly, 24/7 — without relying on a middleman like a bank or payment processor.

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