Cryptocurrency
Cryptocurrency is a digital or virtual form of currency that uses cryptography for security. It operates on decentralized technology, typically a blockchain, which is a distributed ledger enforced by a network of computers (nodes). Unlike traditional currencies issued by governments (fiat currencies), cryptocurrencies are relatively autonomous from central authority control, allowing for peer-to-peer transactions without intermediaries.Cryptocurrencies are designed to be secure, transparent, and resistant to fraud. They can be used for various purposes, such as digital payments, remittances, investment vehicles, and smart contracts that execute automatically when certain conditions are met. Common examples of cryptocurrencies include Bitcoin, Ethereum, and Litecoin.Cryptocurrencies can also exhibit volatility in value, with prices that fluctuate based on market demand, technological developments, regulatory news, and other economic factors. Their rise in popularity has sparked discussions about their potential impact on financial systems, regulations, and the future of money.
