Crypto Currency

Cryptocurrency is a digital or virtual currency that uses cryptography for secure transactions and operates on decentralized networks, typically blockchain technology. It allows peer-to-peer transfers without the need for banks or intermediaries. Popular cryptocurrencies include Bitcoin, Ethereum, and Solana. Their values can be highly volatile and are often influenced by market demand, technology, and regulatory news.

• Creation: A cryptocurrency is created using blockchain technology with a defined protocol (e.g., Bitcoin, Ethereum)
• Mining/Validation: New coins are generated through mining (Proof of Work) or staking (Proof of Stake) and validated by nodes on the network.
• Wallet Setup: Users create a digital wallet to store, send, and receive cryptocurrencies securely.
• Transaction Initiation: A user initiates a transaction by entering the recipient's wallet address and amount to send
• Network Verification: The transaction is broadcast to the blockchain network, where it is verified by miners or validators.
• Block Addition: Once verified, the transaction is added to a new block on the blockchain, making it immutable.
• Transaction Completion: The recipient receives the crypto, and the wallet balances are updated accordingly.