Before we start further let us explain to you what is crypto currency.
Cryptocurrency is a type of digital or virtual currency that uses cryptography for security and operates on a decentralized system, which means it is not controlled by any central authority like a government or bank. The ownership of individual coins is recorded in a digital ledger, known as a blockchain, which is a public financial transaction database.
Cryptocurrencies are created through a process called mining, which involves solving complex mathematical problems, or they can be purchased from brokers. Once acquired, cryptocurrencies are stored in digital wallets and can be used for a variety of online transactions or as an investment.
The first and most well-known cryptocurrency is Bitcoin, which was introduced in 2009. Since then, thousands of alternative cryptocurrencies have been developed, each with unique features and uses.
