Cryptocurrency is a form of digital or virtual currency that uses cryptography for security. Unlike traditional money, it operates on decentralized networks based on blockchain technology—a distributed ledger managed by a network of computers. Bitcoin, created in 2009, was the first and remains the most well-known cryptocurrency. Others like Ethereum, Binance Coin, and Solana offer unique features such as smart contracts or faster transactions. Cryptocurrencies enable peer-to-peer transactions without the need for intermediaries like banks. They offer potential for financial freedom but are highly volatile and face regulatory challenges. As the technology evolves, its adoption and impact continue to grow globally.
