What is Cryptocurrency?

“Cryptocurrency is a form of digital money that uses encryption for security. Unlike traditional currencies, it operates on decentralized networks called blockchains, where no single authority, like a government or bank, is in control. The first cryptocurrency, Bitcoin, was created in 2009. Cryptocurrencies allow for fast, secure, and borderless transactions. They can be used to buy goods, send money globally, or as an investment. Popular examples include Bitcoin, Ethereum, and Tether. Welcome to the fascinating world of cryptocurrency!”