What is cryptocurrency?

[XKUBI]

Cryptocurrency is a type of digital or virtual currency that uses cryptography for security. Unlike traditional currencies issued by governments and central banks, cryptocurrencies operate on decentralized networks based on blockchain technology. A blockchain is a distributed ledger that records all transactions across a network of computers.

 

[Suba]

Cryptocurrency is digital money that runs on blockchain and applies cryptography to secure transactions so they cannot be counterfeited. Crypto is also used as a medium of exchange and investment instrument and is traded on crypto exchanges, so you can convert crypto to fiat money.