Explore my portfolio mix. Follow to see how I invest!"Cryptocurrency" refers to a type of digital or virtual currency that uses cryptography for security. Unlike traditional (fiat) currencies like the US Dollar or Indian Rupee, cryptocurrencies are decentralized and typically run on blockchain technology, which is a distributed ledger enforced by a network of computers (called nodes).
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š Key Features of Cryptocurrency:
1. Decentralization: No central authority (like a bank or government) controls most cryptocurrencies.
2. Blockchain Technology: All transactions are recorded on a public ledger (blockchain).
3. Cryptography: Ensures secure and anonymous transactions.
4. Limited Supply: Many cryptocurrencies have a capped supply (e.g., Bitcoin: 21 million max).
5. Global & Fast: Can be sent anywhere in the world with minimal fees and no middlemen.
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š° Popular Cryptocurrencies: