#TradingTools101

Cryptocurrency is a digital or virtual currency that uses cryptography for security. It is designed to work as a decentralized medium of exchange, meaning it is not controlled by any government or central authority like a bank. Instead, it operates on a peer-to-peer network using blockchain technology.

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Key Features:

1. Decentralization:

Cryptocurrencies are not controlled by any central institution. They run on a decentralized network of computers.

2. Blockchain Technology:

All transactions are recorded on a public digital ledger called a blockchain. Once added, data cannot be changed, making it secure and transparent.

3. Cryptography:

Cryptocurrencies use advanced encryption techniques to secure transactions and control the creation of new units.

4. Global and Fast:

Transactions can be made across borders within minutes, without the need for traditional banks or intermediaries.

5. Examples:

Popular cryptocurrencies include Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB), and Ripple (XRP).