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Smart Cryptocurrency Investing: How to Use Binance and Bybit Effectively

1. Introduction to Cryptocurrency 1.1 What is Cryptocurrency? Cryptocurrency is a type of digital asset that operates on blockchain networks, enabling peer-to-peer transactions without intermediaries like banks or financial institutions. Transactions are validated by network nodes and stored on distributed ledgers, ensuring transparency and security. Bitcoin, the first cryptocurrency, was launched in 2009, and since then, thousands of other cryptocurrencies, known as altcoins (alternative coins), have emerged.