🟦 Daily Post

📘 What is a cryptocurrency and how does it work?

A cryptocurrency is digital money that does not rely on banks or governments.

It works thanks to a technology called blockchain, a kind of public ledger that thousands of computers share and update at the same time.

Every time someone sends or receives cryptocurrencies, that transaction is recorded in a block.

When the block is full, it is sealed and added to the chain: that’s why it’s called blockchain or “chain of blocks.”

🔹 Bitcoin (BTC) was the first cryptocurrency (2009).

🔹 Ethereum (ETH) added smart contracts that execute transactions automatically.

🔹 BNB allows you to pay fees and participate in projects within the Binance ecosystem.

💡 Fun fact: there will only ever be 21 million bitcoins in total, making it increasingly scarce over time.

💭 Did you already know how a cryptocurrency works or was this your first time learning about the topic? Tell me 👇

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