Cryptocurrency

Cryptocurrency is a digital or virtual form of currency that uses cryptography for security. It operates on decentralized technology, typically using blockchain, which is a distributed ledger enforced by a network of computers, known as nodes. Unlike traditional currencies issued by governments (fiat currencies), cryptocurrencies are not controlled by any central authority, making them immune to government interference or manipulation. Transactions made with cryptocurrencies are recorded on the blockchain, providing transparency and security. Examples of cryptocurrency include Bitcoin, Ethereum, and many others, each with unique features and use cases. Cryptocurrencies can be used for a variety of purposes, including peer-to-peer transactions, investment, remittances, and as a means to power decentralized applications and smart contracts. The rise of cryptocurrency has introduced new concepts in finance, such as decentralized finance (DeFi) and non-fungible tokens (NFTs).