What is Cryptocurrency?
Cryptocurrency is a digital or virtual form of currency that uses cryptography for security. The most exciting part? It operates independently of a central bank, making it decentralized.
Popular Cryptocurrencies
- Bitcoin (BTC)
- Ethereum (ETH)
- Ripple (XRP)
- Litecoin (LTC)
How Does It Work?
Cryptocurrencies leverage blockchain technology to gain transparency, immutability, and decentralization. Each block in the blockchain represents records secured by cryptography and distributed across numerous computers.
Benefits of Cryptocurrency
- Decentralization Increases Security
- Reduced Transaction Fees
- Borderless Transfers