Cryptocurrency is a type of digital or virtual money that uses cryptography for security. Unlike traditional currencies issued by governments (like the dollar or euro), cryptocurrencies operate on decentralized networks using blockchain technology. This means transactions are recorded on a public ledger and are typically not controlled by any central authority.
Popular cryptocurrencies include Bitcoin, Ethereum, and newer tokens like Solana and Pepe Coin. People use crypto for various purposes: investing, online purchases, transferring money across borders, and participating in decentralized applications (dApps).
While cryptocurrency offers transparency and freedom, it's also known for high volatility and regulatory uncertainty. Always research before investing
