Cryptocurrency and Blockchain

Cryptocurrency is a digital or virtual currency that uses cryptography for security, making it nearly impossible to counterfeit. Most cryptocurrencies operate on decentralized networks using blockchain technology, a distributed ledger that records all transactions transparently and securely.

Blockchain is a decentralized, immutable system where data is stored in blocks and linked together in a chain. It ensures security, transparency, and removes the need for intermediaries, making it ideal for cryptocurrencies like Bitcoin and Ethereum, as well as other applications like smart contracts, supply chain management, and decentralized finance (DeFi).