What is cryptocurrency

Cryptocurrency refers to a type of digital or virtual currency that uses encryption techniques to regulate the generation of units of currency and verify the transfer of funds. Cryptocurrencies are decentralized, meaning they operate independently of central banks and governments, and rely on a distributed ledger called a blockchain to record and verify transactions.

The most well-known and widely used cryptocurrency is Bitcoin, which was created in 2009 by an anonymous person or group using the pseudonym Satoshi Balanitis. Other popular cryptocurrencies include Ripple, ethereum, bitcoin, and litecoin Cash, among others.