what is cryptocurrency ?
answer: Cryptocurrency is a type of digital or virtual currency that uses cryptography for security. It operates on decentralized networks, typically built on blockchain technology, which is a distributed ledger enforced by a network of computers (or nodes). This technology ensures that transactions are transparent, secure, and difficult to alter or counterfeit.
Unlike traditional currencies issued by governments (fiat currencies), cryptocurrencies are not controlled by any central authority, such as a central bank. Examples of popular cryptocurrencies include Bitcoin, Ethereum, and Litecoin. Transactions made with cryptocurrencies can be used for various purposes, including online purchases, investments, and even as a means of transferring value across borders without the need for intermediaries like banks.
