- Aug 2, 2023
What is Crypto-currencyCryptocurrency is a digital or virtual form of money that uses cryptography for secure transactions and to control the creation of new units. It operates on decentralized technology, typically a blockchain, enabling secure, transparent, and peer-to-peer transactions. Bitcoin, Ethereum, and other cryptocurrencies have gained popularity for their potential as alternative digital assets.
Why it is popular?
- Decentralization: It's not controlled by governments or banks.
- Security: Cryptography ensures safe transactions.
- Global Access: Anyone with the internet can participate.
- Investment: High potential for value increase.
- Innovation: Blockchain tech has diverse applications.
- Privacy: Transactions can be more anonymous.
- Financial Inclusion: Helps those without traditional banking access.