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Cryptocurrency 101
Lesson 1 of 5What is Cryptocurrency?
⏱ 4 min
What is Cryptocurrency?
Cryptocurrency is digital money that exists only on the internet. Think of it like Mobile Money, but without any single company or bank controlling it!
🇬🇭 Ghana Example:
Mobile Money: Controlled by one provider. They can set fees, limit transfers, and block accounts.
Cryptocurrency: No one controls it. You own it completely. Send anywhere, anytime, to anyone.
Key Differences from Regular Money:
1. Digital Only 💻
No physical coins or notes. Exists only as computer code.
2. Decentralized 🌍
No central bank or government controls it. It's peer-to-peer.
3. Global 🌎
Send to anyone, anywhere in the world, in minutes.
4. Limited Supply 📊
Most cryptocurrencies have a fixed maximum supply (unlike government money that can be printed infinitely).
Cryptocurrency = Crypto (encrypted/secure) + Currency (money)