What is cryptocurrency?
Cryptocurrency is a digital or virtual currency that operates using blockchain technology without the control of any government or bank. Simply put, it's a type of money that exists only on the internet and uses cryptography for security.
Main features of cryptocurrency
Decentralized – not controlled by any single entity.
Blockchain-based – all transactions are recorded on the blockchain, which is nearly impossible to alter.
Privacy – personal information does not need to be disclosed in transactions.
Fast and low-cost transactions – international payments can be made very quickly.
Price volatility – prices fluctuate a lot, so investors can make both profits and losses.
Popular cryptocurrencies
Bitcoin (BTC), Ethereum (ETH), Solana (SOL), XRP
& BNB
Where it is used
Investment
Trading
International payments
NFT / Web3 / DeFi platforms
