Cryptocurrency is a digital or virtual currency that uses cryptography for security. It operates on a technology called blockchain, which is a distributed ledger enforced by a network of computers.

Common Terms in Cryptocurrency

• Blockchain: A decentralized ledger that records all transactions across a network.
• Wallet: A digital tool that allows users to store and manage their cryptocurrency.
• Mining: The process of validating transactions and adding them to the blockchain.

Understanding these basic concepts is essential for anyone looking to navigate the world of cryptocurrency.