Crypto Basics

Cryptocurrency is a form of digital or virtual currency that utilizes cryptography for security. Unlike traditional currencies issued by governments, cryptocurrencies are decentralized and operate on technology known as blockchain. This technology allows transactions to be recorded on a public ledger, ensuring transparency and reducing the risk of fraud. The most well-known cryptocurrency is Bitcoin, created in 2009 by an unknown person or group of people using the pseudonym Satoshi Nakamoto.
Since then, thousands of other cryptocurrencies have been developed, each with their unique features and purposes.