Cryptocurrency

Cryptocurrency

Future Tech Definition: Cryptocurrency refers to digital or virtual currency that utilizes cryptography for secure and decentralized transactions. Cryptocurrencies, such as Bitcoin, Ethereum, and Litecoin, are based on blockchain technology and operate independently of central banks or governments. They enable peer-to-peer transactions, provide transparency, security, and immutability, and often involve mining or validation processes. Cryptocurrency has gained popularity as an alternative form of currency and has applications in areas like financial transactions, investment, decentralized finance (DeFi), and blockchain-based applications.