crypto

Blockchain in simple terms:

Blockchain is a digital ledger technology that records and verifies transactions. It is essentially a chain of blocks, where each block contains a group of transactions. These blocks are linked together in chronological order, forming a chain. Once a block is added to the chain, the information it contains cannot be altered or deleted.

Cryptocurrencies:

Cryptocurrency is a digital or virtual currency that uses advanced encryption techniques, called cryptography, to secure and verify transactions. These transactions are recorded on a public digital ledger called a blockchain. Because of its decentralized nature, it operates independently of a central bank or government and allows for fast, secure and transparent transactions. Bitcoin is the first and most well-known cryptocurrency, but there are many other types like Ethereum and Litecoin with their unique features and benefits.