Yes, exactly! A cryptocurrency is a type of digital currency that relies on cryptographic technology for secure transactions. Unlike regular digital currencies that may be issued or managed by central banks, cryptocurrencies operate independently on decentralized networks, usually through blockchain technology. This decentralization provides transparency, security, and resistance to censorship, making them popular for various financial applications beyond just payment, like investing, trading, and powering decentralized finance (DeFi) platforms and digital assets such as NFTs.

Cryptocurrency is a type of digital or virtual currency that uses cryptography for security, making it difficult to counterfeit or double-spend. Unlike traditional currencies issued by governments (like the dollar or euro), cryptocurrencies are decentralized and typically operate on blockchain technology—a distributed ledger that records all transactions across a network of computers.

Yes, exactly! A cryptocurrency is a type of digital currency that relies on cryptographic technology for secure transactions. Unlike regular digital currencies that may be issued or managed by central banks, cryptocurrencies operate independently on decentralized networks, usually through blockchain technology. This decentralization provides transparency, security, and resistance to censorship, making them popular for various financial applications beyond just payment, like investing, trading, and powering decentralized finance (DeFi) platforms and digital assets such as NFTs.