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### What is Cryptocurrency? Cryptocurrency is a digital currency secured by cryptography, operating on decentralized technology called blockchain. Unlike traditional money, it's not controlled by any central authority. #### Key Points: - Blockchain: A transparent, secure ledger of transactions. - Decentralization: No central control, unlike banks. - Bitcoin: The first and most famous cryptocurrency, launched in 2009 by Satoshi Nakamoto. Thousands of other cryptocurrencies (altcoins) exist, like Ethereum and Litecoin. Cryptocurrencies offer new investment opportunities and financial innovations.
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Blockchain technology is the backbone of cryptocurrency, providing a secure and transparent way to record transactions. Decentralization allows for greater autonomy and innovation in the financial system.
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