What is Cryptocurrency?
Cryptocurrency is a type of digital money that is secured by strong encryption. It works without any government or bank controlling it. Cryptocurrencies like Bitcoin are created and traded electronically, and they can be bought and sold on special websites. Transactions are recorded in a public ledger called the blockchain, which helps keep the system transparent and secure. Cryptocurrencies are not backed by any physical object or government, which makes their value unpredictable and subject to change. Some people use cryptocurrencies to buy things or invest in them like a stock, but there are still risks involved because the technology is new and constantly changing.