What is cryptocurrency and how does it work?
Cryptocurrency is a digital or virtual form of currency that uses cryptography for secure and private transactions.
Unlike traditional currencies issued by governments, cryptocurrencies are decentralized.
Cryptocurrencies operate on blockchain technology, which is a distributed and immutable digital ledger.
Cryptocurrencies use cryptographic techniques to secure transactions and control the creation of new units.
Cryptocurrencies enable direct peer-to-peer transactions without the need for intermediaries like banks.
Many cryptocurrencies use a process called mining to validate and record transactions on the blockchain.
cryptocurrency is a digital form of money that relies on cryptography and decentralized technology to enable secure, transparent, and borderless transactions.