Cryptocurrency

A digital or virtual form of currency that uses cryptography for security. It operates on decentralized networks based on blockchain technology, which ensures transparency, security, and the prevention of double-spending. Cryptocurrencies are not controlled by any central authority, making them immune to government interference or manipulation. They can be used for a wide range of transactions, from buying goods and services to investing and transferring value globally. Examples of cryptocurrencies include Bitcoin, Ethereum, and Litecoin. Cryptocurrencies rely on consensus mechanisms like Proof of Work (PoW) or Proof of Stake (PoS) to validate transactions and maintain the integrity of the network.