What is Cryptocurrency?
Cryptocurrency: is a digital form of money that uses cryptography for security. Unlike traditional currencies, it's not controlled by a central bank or government. Instead, it relies on a decentralized network of computers to track and verify transactions.
Here are some key features of cryptocurrency:
Digital: It exists only electronically, not in physical bills or coins.
Decentralized: There's no single authority controlling it.
Secure: Cryptography makes it difficult to counterfeit or steal.
Bitcoin is the most well-known cryptocurrency, but there are many others out there. Cryptocurrencies can be used to buy goods and services, but they are also seen as an investment by some people.
If you're interested in learning more about cryptocurrency, there are a number of resources available online and in libraries. However, it's important to be aware of the risks involved before you invest in any cryptocurrency.