Whether you’re checking out Bitcoin’s high value or looking at Ethereum smart contracts, knowing about cryptocurrency can be pretty important. What is Cryptocurrency?
Let’s keep it simple. Cryptocurrency is digital money. It secures transactions & controls making new units. Unlike regular money from governments, cryptocurrencies run on a decentralized network using blockchain technology.
Think of blockchain like a big digital notebook everyone in the network can see and check—adding trust & transparency.
@Eheran
Sure, BTC is not digital money. It is slow, expensive and has no privacy.
But there are other blockchains that are digital money, transactions are fast, they cost fractions of a cent and keep your privacy. That’s what you need for a digital currency.
@amir17