#cryptocurreny
Cryptocurrency is a type of digital or virtual currency that uses cryptography for security. Unlike traditional currencies (like the dollar or euro), cryptocurrencies are decentralized and typically run on a technology called blockchain.
Key Features of Cryptocurrency:
Decentralized: No central authority like a bank or government controls it. Instead, it's maintained by a network of computers (called nodes).
Blockchain-based: Transactions are recorded on a public, distributed ledger called a blockchain, which is secure and transparent.
Secure and Anonymous: Transactions use cryptographic techniques to ensure security and privacy.
Limited Supply: Many cryptocurrencies, like Bitcoin, have a fixed maximum supply, which helps prevent inflation.
Global and Borderless: Can be sent or received anywhere in the world without needing banks or middlemen.
Popular Cryptocurrencies:
Bitcoin (BTC) – the first and most well-known cryptocurrency.
Ethereum (ETH) – supports smart contracts and decentralized applications (dApps).
Others: Binance Coin (BNB), Solana (SOL), Ripple (XRP), Dogecoin (DOGE).