Q. What is cryptocurrency? 

Cryptocurrency, often referred to as crypto, is a digital or virtual form of currency that uses cryptography for security. Unlike traditional currencies issued by governments, cryptocurrencies operate on decentralized networks based on blockchain technology—a distributed ledger that records all transactions across a network of computers. 

Bitcoin, launched in 2009, was the first cryptocurrency and remains the most widely known and valuable.Other popular cryptocurrencies include Ethereum, Ripple (XRP), and Litecoin. 

Cryptocurrencies can be used for various purposes, including online transactions, investments, and the development of decentralized applications. Their value can be highly volatile, making them both a risky and potentially lucrative investment.

You should know this before you start your crypto journey

Basic knowledge