Cryptocurrency, also called crypto-currency or crypto, is a digital payment system that doesn't rely on banks to verify transactions. It's a decentralized system that uses cryptography for security. Here are some key points about cryptocurrency:
Digital currency: It exists electronically and isn't printed like physical money.
Decentralized: There's no central authority like a government or bank that controls it.
Cryptography: Cryptocurrencies use encryption to secure transactions, making them difficult to counterfeit or double-spend.
Public ledger: Transactions are recorded in a public ledger called a blockchain, which anyone can access.
Bitcoin is the most well-known cryptocurrency, but there are many others out there. Cryptocurrencies are still a relatively new invention, and their future is uncertain. However, they have the potential to change the way we think about money and payments.
