What exactly is cryptocurrency?

Crypto is digital money. At its core, cryptocurrency is typically decentralized digital money designed to be used over the internet. In other words, Cryptocurrency is a form of payment that can be exchanged online for goods and services. Many companies have issued their own currencies, often called tokens, and these can be traded specifically for the good or service that the company provides. The easiest way to think of tokens is to compare them to casino chips or arcade game tokens—you will need to exchange real currency for the cryptocurrency to access the good or service.

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