What is cryptocurrency? What are the basics of crypto?
What is cryptocurrency? What are the basics of crypto? # What is Cryptocurrency? Understanding the Basics of Crypto In recent years, cryptocurrency has become a buzzword in the financial and technology worlds, captivating investors, tech enthusiasts, and curious minds alike. But what exactly is cryptocurrency, and how does it work? Let’s dive into the fundamentals of this revolutionary digital asset. --- ## **What is Cryptocurrency?** Cryptocurrency is a form of digital or virtual currency that uses cryptography for security. Unlike traditional currencies such as the US dollar or euro, cryptocurrencies operate on decentralized networks based on blockchain technology. This means they are not controlled by any central authority, such as a government or bank. The first and most well-known cryptocurrency is **Bitcoin**, introduced in 2009 by an anonymous entity known as Satoshi Nakamoto. Since then, thousands of cryptocurrencies have emerged, each with unique features and purposes. --...