*Cryptocurrency* is a *digital currency* that is *transacted over the internet* and is *not controlled by any bank or government*. It is based on blockchain technology, which keeps transactions secure and transparent.
In summary:
- ๐ *Secure and private transactions*
- ๐ *Decentralized*
- ๐ฐ *Bitcoin, Ethereum* etc. are popular
- โ ๏ธ *High price volatility* (risky)
Suppose you want to send money to a friend. Normally, you would use a bank or bKash, right?
But using *cryptocurrency* โ
๐ No bank needed,
๐ No government permission required,
๐ Just an internet connection and a *digital wallet*, and you can send money anywhere in the world.
๐ฏ Example:
- *Bitcoin* = digital money (most popular)
- *Ethereum* = not just money, but contracts too.