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Decentralized: Most cryptocurrencies are decentralized, meaning they are not controlled by any central authority like a government or financial institution. Instead, they rely on a network of computers (nodes) to validate transactions.
Blockchain Technology: A blockchain is a distributed ledger that records all transactions across a network of computers. This ensures transparency and security, making it nearly impossible to alter transaction data once it’s been recorded.
Cryptography: Cryptocurrencies use cryptographic techniques to secure transactions, control the creation of new units, and verify the transfer of assets.
Anonymity and Privacy: While all transactions are recorded on the blockchain, many cryptocurrencies provide a level of anonymity, allowing users to make transactions without revealing their identity.
Ownership and Control: Users hold private keys, which act like a password, to access and control their cryptocurrency holdings. Losing the private key means losing access to the funds.
Global and Borderless: Cryptocurrencies can be transferred across the globe without the need for intermediaries like banks, making them efficient for international transactions.
