#TrumpTariffs
Cryptocurrency, often called "crypto," is a digital or virtual form of money that uses cryptography for security. Unlike traditional currencies issued by governments (like the dollar or rupee), cryptocurrencies are decentralized and usually operate on a technology called blockchain.
Key Features of Cryptocurrency:
1. Decentralized – Not controlled by any central bank or government.
2. Secure – Uses advanced encryption (cryptography) to ensure safe and anonymous transactions.
3. Blockchain-Based – Transactions are recorded on a public digital ledger (blockchain) that is transparent and cannot be easily altered.
4. Digital Only – Exists only in digital form, with no physical notes or coins.
5. Limited Supply – Many cryptocurrencies (like Bitcoin) have a limited total supply, which helps control inflation.
Popular Cryptocurrencies:
Bitcoin (BTC) – The first and most well-known cryptocurrency.
Ethereum (ETH) – Known for enabling smart contracts and decentralized apps.
Binance Coin (BNB), Ripple (XRP), Solana (SOL) – Other major cryptocurrencies with unique use cases.
Common Uses of Crypto:
Online purchases
Investment or trading
Sending money internationally
Supporting decentralized finance (DeFi) and Web3 projects
Important Note:
While cryptocurrencies offer many benefits like fast transactions and low fees, they are also highly volatile and can carry risks due to market fluctuations, lack of regulation, and cyber threats.
