In the rapidly evolving landscape of finance and technology, cryptocurrencies have emerged as a revolutionary force, challenging traditional notions of currency and transaction systems. What is cryptocurrency?
Cryptocurrency is a digital or virtual form of currency that employs cryptographic techniques for secure financial transactions, control the creation of new units, and verify the transfer of assets.
In this article, we will delve into the basics of what is cryptocurrency and exploring its origins, key features, and the impact it has on the global economy.
What Is Cryptocurrency ?
At its core, cryptocurrency is a decentralized form of currency, meaning it is not controlled by any central authority like a government or financial institution.
Instead, it operates on a technology called blockchain, a distributed ledger that records all transactions across a network of computers.
The most famous cryptocurrency is Bitcoin, introduced in 2009 by an anonymous entity known as Satoshi Nakamoto.
