Cryptocurrency

Cryptocurrency is a form of digital or virtual currency that uses cryptography for security. It operates on decentralized networks based on blockchain technology, which is a distributed ledger that records all transactions across a network of computers. Cryptocurrencies are designed to provide secure, transparent, and often anonymous transactions without the need for a central authority, such as a bank or government. The most well-known cryptocurrency is Bitcoin, but there are thousands of others, including Ethereum, Ripple, and Litecoin. Cryptocurrencies can be used for a variety of purposes, including online purchases, investment, and as a means of transferring value across borders. Their decentralized nature makes them resistant to censorship and fraud, but they are also subject to high volatility in value and regulatory scrutiny.