#AppleCryptoUpdate Cryptocurrency is a digital or virtual currency that uses cryptography for security, making it difficult to counterfeit. Unlike traditional currencies, it operates on decentralized networks based on blockchain technology. Bitcoin, launched in 2009, was the first cryptocurrency and remains the most popular. Cryptocurrencies allow peer-to-peer transactions without intermediaries like banks, offering lower fees and faster transfers. However, they are highly volatile, with prices fluctuating significantly. Governments and financial institutions have mixed opinions on cryptocurrencies, with some embracing them and others imposing regulations. Despite risks, cryptocurrencies continue to grow, influencing finance, technology, and global trade in innovative ways.