Understanding Cryptocurrency Basics
Cryptocurrency is a form of digital currency, designed to be secure and anonymous. It is based on the principles of cryptography, which is the science of encoding and decoding information. Cryptocurrency is decentralized, meaning it is not controlled by any one entity or group. Instead, it is managed by a distributed network of computers around the world, with each computer maintaining a digital ledger of all transactions. Transactions are recorded and verified on the blockchain, a public ledger that anyone can access. Cryptocurrency is also designed to be secure, with advanced encryption techniques employed to protect user data and transactions