Crypto Explained: What is Cryptocurrency? How does it work?

Cryptocurrency, or Crypto, in short, is a series of binary data issued by the blockchain, working as a medium of exchange and rewards for miners, blockchain validators, investors, etc.  Cryptocurrency means cryptography and currency.

Cryptography: The blockchain uses sophisticated cryptography to verify, control and secure every crypto transaction.
Currency: In simple terms, it is a medium of exchange for goods and services.

This is a great breakdown of cryptocurrency! The blend of cryptography and currency is truly revolutionary, reshaping our understanding of finance. Excited to see how this technology evolves and impacts our daily transactions!