Cryptocurrency
Cryptocurrency, a digital currency, uses cryptography for secure transactions. Unlike physical money, it exists solely online and is decentralized, meaning no single entity controls it. Cryptocurrencies like Bitcoin and Ethereum are stored in digital wallets and can be bought, sold, and traded on exchanges. Their value fluctuates based on supply and demand and is known for its volatility. While cryptocurrencies offer potential benefits such as low transaction fees and anonymity, they also carry risks like price volatility and security concerns.
Related Topics
Related Topics of Cryptocurrency