#OnChainInsights Cryptocurrency is a digital or virtual form of currency that uses cryptography for secure transactions. Unlike traditional currencies, it operates on decentralized networks called blockchains, which are distributed ledgers ensuring transparency and security. Popular cryptocurrencies like Bitcoin, Ethereum, and Ripple have gained attention due to their potential for fast, low-cost transactions and as an investment asset. They are not controlled by any central authority, like a government or bank. However, cryptocurrencies face regulatory uncertainty, volatility, and concerns over their use in illicit activities. Despite these challenges, they continue to evolve and influence financial markets globally.