WHAT IS CRYPTOCURRENCY AND HOW DOES IT WORK

Cryptocurrency is a digital or virtual currency that uses cryptography for secure financial transactions. It operates on a decentralized network and is not issued or regulated by a central authority like a government or financial institution. Instead, it relies on a network of computers to verify and record transactions on a public ledger, known as a blockchain. Cryptocurrency uses blockchain technology, which is a decentralized, distributed database that records transactions on multiple computers. Each block in the chain contains a record of multiple transactions, and once a block is added to the chain, the data it contains cannot be altered. This makes blockchain technology secure and transparent, making it well-suited for use in financial transactions. Cryptocurrency can be used for online transactions and has also been adopted by mainstream businesses and investors.