What is Cryptocurrency?
Cryptocurrency is a digital or virtual currency that uses cryptography for security and is decentralized, meaning it's not controlled by any government or financial institution.
- Bitcoin, Ethereum, and Litecoin are popular examples of cryptocurrencies.
- Cryptocurrencies can be bought, sold, and traded on online exchanges.
How Does Cryptocurrency Work?
Cryptocurrency works through a process called mining, where powerful computers solve complex mathematical problems to validate transactions and create new units of currency.
Cryptocurrencies use blockchain technology to record transactions and ensure the integrity of the network.