Cryptocurrency

CryptocurrencyCryptocurrency is a digital or virtual currency that uses cryptography for security and operates independently of a central bank. Cryptocurrencies use decentralized technology called blockchain... More is a digital or virtual currency that uses cryptography for security and operates independently of a central bank. Cryptocurrencies use decentralized technology called blockchainThe blockchain is a digital ledger that records transactions in a secure and decentralized manner. Think of it like a shared spreadsheet that is constantly... More to record and verify transactions, and are often characterized by their limited supply and anonymity.

Cryptocurrency has changed finance by introducing a new type of asset that is not controlled by traditional financial institutions. It has opened up new opportunities for investment and commerce, allowing individuals and businesses to transact directly with each other without the need for intermediaries like banks. Cryptocurrency has also challenged the traditional banking system, providing an alternative way to store and transfer value that is not subject to the same regulations and fees as traditional financial institutions. While the adoption and regulation of cryptocurrency is still evolving, it has already had a significant impact on the way we think about and participate in financial transactions.