What is cryptocurrency?
Cryptocurrency is a digital or virtual currency that uses cryptography for security and operates independently of any central authority or intermediary. There are hundreds of different cryptocurrencies running on blockchain technology, which is a decentralized public ledger that records transactions. The most popular cryptocurrency is Bitcoin, but others such as Ethereum, Litecoin, and Ripple have gained popularity over the years. Cryptocurrencies are typically designed to be scarce, which creates a unique form of value that can be traded or exchanged for goods and services, similar to traditional fiat currencies.
This mind map was published on 17 April 2023 and has been viewed 78 times.
