What is Cryptocurrency?
Cryptocurrency is a digital or virtual currency that uses cryptography for security, making it nearly impossible to counterfeit. Unlike traditional money, cryptocurrencies are decentralized and run on blockchain technology, a distributed ledger that records all transactions across a network of computers.
Key Features of Cryptocurrencies:
1. Decentralization: No central authority (like banks).
2. Security: Transactions are encrypted and recorded transparently.
3. Global Accessibility: Anyone with an internet connection can use it.
Popular Cryptocurrencies:
Bitcoin (BTC): The first and most well-known cryptocurrency.
Ethereum (ETH): Known for smart contracts and decentralized apps.
Binance Coin (BNB): Used on the Binance platform.
Cryptocurrencies are transforming finance by offering faster, cheaper, and borderless transactions.
