cryptocurrencies

Cryptocurrencies are digital or virtual currencies that use cryptography for secure transactions. Unlike traditional currencies issued by governments, they operate on decentralized networks called blockchains, where transactions are recorded publicly and can't easily be altered. This technology provides transparency and reduces the need for intermediaries like banks. Users can buy, sell, and trade cryptocurrencies, often using wallets to store them. While Bitcoin was the first and is the most well-known, thousands of cryptocurrencies exist, each with unique features. They offer potential for investment and can facilitate online transactions, but they also come with risks due to volatility and regulatory concerns.