#BybitSecurityBreach #LitecoinETF #Write2Earn Cryptocurrency is a **digital or virtual form of currency** that uses cryptography for security and operates on decentralized networks, typically based on blockchain technology. Unlike traditional currencies (e.g., the US dollar or euro), cryptocurrencies are not controlled by governments, banks, or central authorities. Here's a breakdown of its key aspects:

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### **1. Core Features**

- **Decentralization**: Most cryptocurrencies run on decentralized networks (blockchains), meaning no single entity controls them.

- **Cryptography**: Transactions and ownership are secured using advanced cryptographic techniques.

- **Transparency**: Public ledgers (blockchains) record all transactions, visible to anyone.

- **Pseudonymity**: Users transact via wallet addresses, not real-world identities (though not fully anonymous).

- **Limited Supply**: Many cryptocurrencies, like Bitcoin, have a capped supply (e.g., 21 million BTC), creating scarcity.

### **3. Types of Cryptocurrencies**

1. **Bitcoin (BTC)**: The first and most well-known cryptocurrency, created in 2009 by Satoshi Nakamoto. Primarily used as "digital gold" or a store of value.

2. **Altcoins**: Alternatives to Bitcoin, such as Ethereum (ETH), Solana (SOL), and Litecoin (LTC). Many offer unique features (e.g., smart contracts).

3. **Stablecoins**: Pegged to stable assets like the US dollar (e.g., Tether/USDT, USD Coin/USDC) to reduce volatility.

4. **Meme Coins**: Often created as jokes or internet trends (e.g., Dogecoin/DOGE, Shiba Inu/SHIB).