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What is Cryptocurrency and How It Works in Simple Terms - Cryptocurrency is a type of digital or virtual money that exists only online. Unlike regular money (like dollars or euros), cryptocurrencies are not controlled by governments or banks. Instead, they use a technology called blockchain, which is like a secure digital ledger, to record all transactions. Bitcoin is the first and most well-known cryptocurrency, but there are thousands of others.

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What is Cryptocurrency and How It Works in Simple Terms - Cryptocurrency is a type of digital or virtual money that exists only online. Unlike regular money (like dollars or euros), cryptocurrencies are not controlled by governments or banks. Instead, they use a technology called blockchain, which is like a secure digital ledger, to record all transactions. Bitcoin is the first and most well-known cryptocurrency, but there are thousands of others.

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