# What Are Cryptocurrencies?

**Published by:** [Nikos](https://paragraph.com/@nikos-2/)
**Published on:** 2023-09-24
**URL:** https://paragraph.com/@nikos-2/what-are-cryptocurrencies

## Content

Cryptocurrencies are digital or virtual currencies that use cryptography for security. They operate on decentralized technology called blockchain, making them resistant to manipulation and fraud. Bitcoin, created in 2009, was the first cryptocurrency, and since then, thousands of others have followed, each with unique features and purposes.

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