Introduction to Cryptocurrency:

Cryptocurrency is a type of digital or virtual currency that uses cryptography for security and operates on a decentralized network of computers. Unlike traditional currencies issued by governments and central banks, cryptocurrencies are typically based on blockchain technology—a distributed ledger that records all transactions across a network of computers.

 Ã˜  Digital Currency: Cryptocurrency is a form of digital or virtual currency.

Ø  Decentralization: Operates on a decentralized network of computers, avoiding central control.

Ø Blockchain Technology: Transactions are recorded in a secure and transparent blockchain, a decentralized ledger.

Ø Cryptography: Uses cryptographic techniques for secure transactions and control of new unit creation.

Ø   Limited Supply: Many cryptocurrencies have a capped supply to prevent inflation.

Ø Anonymity/Pseudonymity: While transactions are transparent, user identities are often pseudonymous.

Ø  Global Accessibility: Can be sent and received globally, providing a borderless financial system.

Ø  Volatility: Prices can be highly volatile, presenting both opportunities and risks.

Ø  Use Cases: Varied applications, including a medium of exchange, decentralized applications, and tokenization.

Ø  Popular Cryptocurrencies: Examples include Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and Litecoin (LTC).