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Author: Admin | 2025-04-28
USA Securities, Inc. (“the BD”), member of FINRA and SIPC. Cryptocurrency offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. Finbold.com is not an affiliate and may be compensated if you access certain products or services offered by the MSB and/or the BD What is Cryptocurrency?DefinitionA cryptocurrency is a new kind of digital asset that exists on a decentralized network called a blockchain. The term is made up of two constituent parts: “crypto” which is a shortened version of the word ‘cryptography,’ and “currency” which means a monetary denomination of value or simply ‘money.’ Cryptography refers to the study of techniques or processes for securing communication between two parties. Put together, ‘crypto’ + ‘currency’ thus refers to digital assets of value that can be used as money and whose security is protected through the use of cryptography.How does blockchain work? Source: finbold.comThe above is a more general definition that can be used to refer to all types of cryptocurrencies. As you will learn in this guide, some assets may fall into the fringes of this definition, but they are all cryptocurrencies in one form or the other.Currently, there isn’t a standard way of grouping digital assets. The cryptocurrency space is still nascent, with new developments and innovations emerging regularly. For that reason, you should take these classifications as mere
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