#Alpha2.0ProjectEvaluation

Cryptocurrency is a type of digital or virtual currency that uses cryptography for security. Unlike traditional currencies issued by governments (like the dollar or euro), cryptocurrencies operate on decentralized networks, typically based on blockchain technology. A blockchain is a distributed ledger that records all transactions across a network of computers.

One key feature of cryptocurrencies is that they are typically not controlled by any central authority, such as a bank or government. This makes them resistant to manipulation or interference. The most well-known cryptocurrency is Bitcoin, but there are thousands of other cryptocurrencies, such as Ethereum, Ripple, and Litecoin.

Cryptocurrencies can be used for various purposes, including online transactions, investments, and even for powering decentralized applications (smart contracts) in the case of platforms like Ethereum.