WHAT IS CRYPTOCURRENCY?
WHAT IS CRYPTO CURRENCY Cryptocurrency is a digital or virtual currency that uses cryptography for security and operates independently of a central bank. It is a decentralized system that allows transactions to be made without intermediaries like banks or governments. The following are the key points that give an overview of what cryptocurrency is: 1. Decentralized System: Cryptocurrencies are decentralized systems that operate without a central authority. Transactions are conducted directly between two parties using public and private keys. 2. Security: Cryptocurrencies are secured through cryptographic techniques that ensure the integrity of transactions, prevent double-spending, and protect the anonymity of users. 3. Digital: Cryptocurrencies exist only in the digital realm and are not physical currencies like paper money or coins. They are stored in digital wallets, which are secured using encryption techniques. 4. Block...