###For those New to crypto###

Cryptocurrency works through a technology called blockchain, which is a decentralized and distributed ledger that records all transactions across a network of computers. Here's a simplified explanation of how it works:

1. **Decentralization**: Unlike traditional banking systems where a central authority (like a bank) verifies and records transactions, cryptocurrencies operate on a decentralized network. This means transactions are verified collectively by the network participants (nodes).

2. **Blockchain**: Transactions are grouped into blocks and added to a chain of existing blocks (hence the name blockchain). Each block contains a cryptographic hash of the previous block, timestamped batches of transactions, and other relevant data.

3. **Cryptographic Security**: Cryptocurrencies use cryptographic techniques to secure transactions and control the creation of new units. Public and private keys are used to sign and verify transactions, ensuring security and integrity without the need for a trusted third party.

4. **Consensus Mechanisms**: Different cryptocurrencies use various consensus mechanisms (like Proof of Work, Proof of Stake, etc.) to achieve agreement on the state of the blockchain. These mechanisms ensure that all nodes in the network are in sync and agree on which transactions are valid.

5. **Mining (for some cryptocurrencies)**: Mining is the process of validating transactions and adding them to the blockchain. Miners compete to solve complex mathematical puzzles, and the first to solve the puzzle gets to add the next block to the blockchain and is rewarded with newly created cryptocurrency units.

6. **Wallets**: Cryptocurrency wallets are used to store, send, and receive digital currencies. Each wallet has a public address (like an account number) and a private key (like a password) that are used to secure transactions.

Overall, cryptocurrencies enable secure, peer-to-peer transactions without relying on a central authority. They provide transparency, security, and efficiency in financial transactions. #NOTCOİN