A cryptocurrency, also known as a crypto-currency or crypto, is a digital money that functions as a means of exchange through a computer network and is not supported or maintained by any central authority, such as a government or bank.

A cryptocurrency is a digital or virtual currency that is protected by encryption, making counterfeiting and double-spending practically impossible. Many cryptocurrencies are built on blockchain technology, which is a distributed ledger enforced by a global network of computers. Cryptocurrencies are distinguished by the fact that they are not issued by any central authority, making them potentially impervious to government intervention or manipulation.

Ethereum is a blockchain-powered platform best known for its native cryptocurrency, Ether, sometimes known as ETH or just Ethereum. The decentralised nature of blockchain technology is what secures the Ethereum network, and that security allows ETH to accumulate value.

The Ethereum infrastructure enables Ether as well as a network of decentralized programs, or “dApps.” The Ethereum network’s smart contracts, which developed on the platform, are a critical component of how the platform runs. Smart contracts, in conjunction with blockchain technology, are used in many decentralized finance (DeFi) and other applications.

Bitcoin is a decentralized digital money that may be transmitted from user to user on the peer-to-peer bitcoin network without the involvement of middlemen.

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