Cryptocurrency is digital money secured by advanced encryption, traded on decentralized networks, enabling direct peer-to-peer transactions without intermediaries like banks. Its value can be volatile, driven by factors like demand and technological advancements, and it's not governed by any central authority or government.

Blockchain technology is an advanced database mechanism that allows transparent information sharing within a business network. A blockchain database stores data in blocks that are linked together in a chain.

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Cold storage is offline cryptocurrency storage. Any crypto wallet that's not connected to the internet is considered cold storage and is referred to as a cold wallet. The most common type of cold wallet is a hardware wallet, which is typically a small device that connects to a computer.