Cryptocurrency

Cryptocurrency is a type of digital or virtual currency that uses cryptography for security. It operates on a technology called blockchain, which is a decentralized ledger that records all transactions across a network of computers. Unlike traditional currencies issued by governments (fiat currencies), cryptocurrencies are typically decentralized and are not controlled by any central authority, making them resistant to censorship and fraud. They can be used for various purposes, including online transactions, investment, and as a means of transferring value across borders. Popular examples of cryptocurrencies include Bitcoin, Ethereum, and Litecoin. Cryptocurrencies have gained significant attention for their potential to revolutionize traditional financial systems, but they also come with risks, such as market volatility and regulatory challenges.