#BinanceEarnYieldArena
Understanding Cryptocurrency: A Beginner’s Guide
Cryptocurrency is a digital or virtual currency that uses cryptography for security and operates independently of a central bank. It is decentralized, meaning it is not controlled by any government or financial institution, and transactions are recorded on a public ledger called a blockchain.
The first and most well-known cryptocurrency is Bitcoin, created in 2009 by an unknown person or group of people using the name Satoshi Nakamoto. Since then, hundreds of other cryptocurrencies have been created, each with its own unique features and uses.
One of the key features of cryptocurrency is its use of blockchain technology. A blockchain is a decentralized, distributed database that records all transactions on the network. It is secure because it is protected by cryptography, and each block in the chain contains a unique code that links it to the previous block, making it difficult to alter or tamper with the data.
