Cryptocurrency is a type of digital or virtual currency which uses cryptography for security and operates on decentralization of networks based on block chain technology. Unlike traditional currencies issued by governments and central banks, cryptocurrencies operate on a peer-to-peer network of computers.
Popular Cryptocurrencies are :
Bitcoin (BTC) is the first and most well-known cryptocurrency, created in 2009 by an anonymous person or group using the pseudonym Satoshi Nakamoto. Other popular cryptocurrencies include Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and many more, each with its unique features and use cases.
Use Cases:
Cryptocurrencies can be used for various purposes, like online purchases, investments, remittances, and as a means of transferring value across borders. Additionally, blockchain technology, which underlies cryptocurrencies, has applications beyond finance, such as in supply chain management, smart contracts, and decentralized applications (DApps).