Cryptocurrency
Cryptocurrency is a digital or virtual currency that uses cryptography to secure and verify transactions and to control the creation of new units. Unlike traditional currencies, which are controlled by central banks, cryptocurrencies are decentralized and operate on a peer-to-peer network. The most well-known cryptocurrency is Bitcoin, but there are many others, including Ethereum, Litecoin, and Ripple. Transactions are recorded on a public digital ledger called a blockchain, which ensures transparency and security. Cryptocurrencies can be used to buy goods and services, traded for other currencies or assets, or held as investments.
