What is cryptocurrency?

Cryptocurrency is a digital or virtual form of currency that uses cryptography for secure financial transactions, control the creation of new units, and verify the transfer of assets.

How does cryptocurrency work?

Cryptocurrency operates through a decentralized technology called blockchain, where transactions are recorded on a public ledger and verified by network participants known as miners, ensuring transparency and security.

What is a wallet and how does it work?

A wallet is a digital tool that allows users to securely store, manage, and interact with their cryptocurrencies. It consists of a pair of cryptographic keys: a public key to receive funds and a private key to sign transactions and access the funds stored on the blockchain.

How can I acquire cryptocurrency?

There are several ways to acquire cryptocurrency, including buying it on a cryptocurrency exchange, participating in initial coin offerings (ICOs), accepting it as payment for goods or services, or mining it by contributing computing power to verify transactions.

Is cryptocurrency regulated by any authority?

Unlike traditional fiat currencies, cryptocurrencies are decentralized and typically not regulated by any central authority or government. However, some countries have implemented regulations or laws to govern their use, exchange, and taxation.