Bitcoin is one of the most well-known cryptocurrencies. Imagine you have 1 Bitcoin, which is stored in a digital wallet. If you want to send it to a friend, you can do so directly without needing a bank. The transaction is verified by a network of computers (called miners) and then recorded on a public ledger called the blockchain. This ensures transparency and security.
In short, cryptocurrency offers a decentralized, secure, and efficient way to make transactions online without relying on intermediaries like banks.
