What is Cryptocurrency and how does it work
p> What is Cryptocurrency and how does it work? Cryptocurrency is a type of digital or virtual currency that uses cryptography for security. It operates on decentralized technology called blockchain, which is a distributed ledger that records all transactions across a network of computers. Here’s a breakdown of how it works: Key Features of Cryptocurrency: 1. Decentralization Unlike traditional currencies, which are controlled by governments or central banks, cryptocurrencies are typically maintained by a network of computers (nodes) around the world. 2. Blockchain Technology Each cryptocurrency transaction is recorded on a blockchain, a secure and transparent ledger. Once a transaction is added to the blockchain, it cannot be altered or deleted. 3. Cryptography Cryptocurrencies use cryptographic techniques to secure transactions and control the creation of new units. This makes it difficult for unauthorized users to alter the transaction data. 4. Anonymity and Pseudonymi