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Cryptocurrency is a type of digital or virtual currency that uses cryptography for security. Unlike traditional currencies issued by governments (like the US dollar or euro), cryptocurrencies are decentralized and typically operate on a technology called blockchain, which is a distributed ledger managed by a network of computers.
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Cryptocurrency is a form of digital or virtual currency that uses cryptography for security and operates on decentralized blockchain networks. It enables peer-to-peer transactions without intermediaries like banks. Popular examples include Bitcoin and Ethereum. Crypto offers potential for fast, borderless payments and innovative financial systems, but it also carries risks such as volatility, regulatory uncertainty, and security challenges.
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