Cryptocurrency is a digital payment system that uses cryptography to secure transactions. It operates independently of central banks and uses a decentralized system to record transactions and issue new units ¹. Here are some key points about cryptocurrencies ²:

- The first cryptocurrency was Bitcoin, founded in 2009

- Other popular cryptocurrencies include Ethereum, Litecoin, and Ripple

- Cryptocurrencies can be used to buy various products from e-commerce websites

- They are stored in digital wallets and can be purchased through cryptocurrency exchanges

- Transactions are recorded on a public ledger called a blockchain

- The value of cryptocurrencies fluctuates based on supply and demand

- They are considered highly volatile and subject to significant risks

- Investors should research and understand the risks before investing in cryptocurrencies #Binance200M #BTC #bitcoin #TopCoinsJune2024 #Binance200M