What is Cryptocurrency?||How does cryptocurrency works?
Here we will discuss about what is cryptocurrency and how does cryptocurrency works What is Cryptocurrency? Cryptocurrency is a digital or virtual currency that uses cryptography for security. Cryptocurrency operates independently of a central bank or government. The first cryptocurrency , Bitcoin, was created in 2009 by an individual or group of individuals using the pseudonym Satoshi Nakamoto. Bitcoin is based on a decentralized, peer-to-peer network that allows for the direct transfer of funds between individuals without the need for intermediaries like banks. One of the key features of cryptocurrency is its use of blockchain technology. A blockchain is a digital ledger that records all transactions on a network in a transparent and secure manner. Each block in a blockchain contains a number of transactions and a reference to the previous block, creating a chain of blocks that cannot be altered retroactively without the alteration of all subsequent blocks and the consensus of...