A cryptocurrency is a form of digital currency that relies on encryption algorithms for security, making it function both as money and a decentralized ledger. Transactions are verified through cryptographic methods, ensuring security and transparency without intermediaries like banks.
To store and manage cryptocurrencies, users need a crypto wallet, which can be cloud-based, software-based, or hardware-based. These wallets store encryption keys that confirm ownership and facilitate transactions.
Popular cryptocurrencies include Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC), They are widely used for payments, trading, and decentralized applications.
