What Are Cryptocurrencies? – 60 Second Crypto News

What Are Cryptocurrencies? – 60 Second Crypto News
Cryptocurrencies are digital money secured by cryptography and powered by decentralized blockchain networks, meaning no bank, government, or single entity controls them. This structure prevents manipulation and makes the system transparent and resilient.

How they work:
Blockchain functions as a distributed public ledger, recording every transaction across thousands of nodes.
Transactions are validated using systems like:
🔹 Proof of Work – miners solve complex puzzles
🔹 Proof of Stake – validators stake their holdings for faster, energy-efficient verification

Crypto is stored in digital wallets secured by private keys. Transactions are encrypted, permanent, and offer partial anonymity.

Choosing the best investments:
Smart investors look at:
✔ Market cap & stability
✔ Real-world use cases
✔ Technology & scalability
✔ Security & audits
✔ Developer activity
✔ Tokenomics & distribution
✔ Regulatory clarity
✔ Long-term performance

Understanding these fundamentals helps you make safer, smarter choices in a fast-moving market.

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