CRYPTO CURRENCY

Cryptocurrency is a type of digital or virtual currency that uses cryptography for security. Unlike traditional currencies issued by governments (like the US dollar or the euro), cryptocurrencies are typically decentralized and operate on a technology called blockchain. A blockchain is a distributed ledger that records all transactions across a network of computers, ensuring transparency and security.

Some well-known examples of cryptocurrencies include Bitcoin (BTC), Ethereum (ETH), and Binance Coin (BNB). Cryptocurrencies are often used for online transactions, investment, and in some cases, to power decentralized applications (dApps) and smart contracts, particularly in the case of Ethereum.

One key feature of cryptocurrencies is that they are not controlled by any central authority, such as a government or bank. This decentralization, combined with the security features of cryptography, makes them appealing for many users, but also adds a level of volatility and regulatory uncertainty.