#TradingTypes101

Cryptocurrency is a digital or virtual form of currency that uses cryptography for secure transactions. Unlike traditional currencies issued by governments, cryptocurrencies operate on decentralized networks based on blockchain technology. Bitcoin, launched in 2009, was the first and remains the most well-known. Cryptocurrencies allow peer-to-peer transactions without intermediaries like banks, offering benefits such as low fees, privacy, and global accessibility. However, they also pose risks, including volatility, regulatory uncertainty, and potential misuse. As the technology evolves, cryptocurrencies are increasingly being adopted for investment, payments, and decentralized finance (DeFi) applications, reshaping the future of money and financial systems worldwide.