101 basics collections answers the most basic questions regarding Cryptocurrency, Blockchain and Web3 – starting with What is it?

What is Cryptocurrency? – 101 Basics

A cryptocurrency (crypto) is an internet-based asset, which acts as a medium of exchange, but is not controlled by any central authority. Cryptocurrency is based on strong cryptographical functions that ensure users conduct secure financial transactions, control the creation of additional token units, and verify the transfer of assets/tokens from one user to another.

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