Cryptocurrency
Jump to navigation
Jump to search
Cryptocurrency is a type of digital or virtual currency that uses cryptography for security. It operates on decentralized technology called blockchain, which ensures transparency, immutability, and security of transactions. Cryptocurrencies enable peer-to-peer transactions without the need for intermediaries like banks. Bitcoin, introduced in 2009, was the first cryptocurrency, and since then, thousands of other cryptocurrencies have emerged, each with unique features and use cases. Cryptocurrencies are gaining popularity for various purposes, including as a store of value, means of exchange, and for powering decentralized applications within the Web3 ecosystem.