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Cryptocurrency In 5 Minutes - Cryptocurrency Explained - What Is Cryptocurrency? - SimplilearnProminent cryptocurrencies, such as Bitcoin and Ethereum, are examples of decentralized digital currency systems. Digital currencies can. Cryptocurrencies are digital tokens. They are a type of digital currency that allows people to make payments directly to each other through an online system. What are cryptocurrencies? So called for their use of cryptography principles to mint virtual coins, cryptocurrencies are typically exchanged on decentralized.