What is Cryptocurrency? A Comprehensive Beginner's Guide
Cryptocurrency is a type of digital or virtual currency that uses cryptography for security. Unlike traditional fiat currencies issued by governments, cryptocurrencies are decentralized and typically rely on blockchain technology to record and verify transactions. The most famous cryptocurrency is Bitcoin, but thousands of others exist, each with its own unique features. Cryptocurrencies offer benefits like lower transaction fees, faster international transfers, and a level of privacy and security that traditional banking cannot provide.
