The Cryptocurrency
Cryptocurrencies emerged in 2009 with Bitcoin, as an alternative to traditional finance. These digital assets are not issued by any central bank or government and are not legal tender. Instead, they are generated through cryptographic algorithms on distributed networks known as blockchains. Their value is highly volatile and entirely market driven. Cryptocurrencies are largely speculative assets, vulnerable to fraud, manipulation and hacking, with limited adoption as a true means of payment. Despite early promises of decentralization and transparency, the crypto ecosystem is often opaque and dominated by a few key platforms and intermediaries.
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