Cryptocurrency is a digital or virtual currency that uses cryptography for security. It operates independently of a central bank or government. The most well-known cryptocurrency is Bitcoin, but there are thousands of other types in existence. Transactions are recorded on a public ledger called a blockchain, which allows for transparency and security. Cryptocurrency can be bought and sold on various online exchanges and can be stored in a digital wallet.
WHAT IS CRYPTOCURRENCY? An Introduction to Digital Currencies Cryptocurrency is a digital or virtual currency that uses cryptography for security and operates independently of a central bank. Cryptocurrencies are decentralized systems that allow for the secure transfer of assets without the need for intermediaries. The first and most well-known cryptocurrency is Bitcoin, but there are …