what is crypto currency

 Digital money known as cryptocurrency uses encryption to enable secure transactions. It is decentralised, meaning that no bank, authority, or government has any control over how it runs.

The blockchain technology is the fundamental idea behind cryptocurrencies. A public ledger called Blockchain is used to record bitcoin transactions. Every transaction in this is protected by cryptographic methods, which guarantee both authenticity and security.

Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and Bitcoin Cash (BCH) are a few well-known cryptocurrencies. Each cryptocurrency has distinct features, capabilities, and applications.

Among its primary characteristics are:
Decentralisation: Cryptocurrencies are shielded from central authority control by virtue of their decentralised character. Transparency and security of transactions have grown as a result.

Security: Cryptography is used to make cryptocurrency transactions secure. The verification of every transaction is done via digital signatures and encryption.

Anonymity: Most cryptocurrency transactions are pseudonymous, which means that they cannot be directly linked to identities in the real world. It is necessary to preserve this privacy and secrecy.

Fast and Affordable Transactions: International cryptocurrency transactions are often quick hote hain, khaas karke. Traditional banking systems can help lower transaction fees.

Decentralised applications (DApps), online transactions, investments, and transfers all involve cryptocurrency. Jahan keemat mein tezi se badlav ho sakte hain, yea, ek volatile market hota hai. Therefore, you must conduct extensive research and comprehend the risk before investing in cryptocurrencies.