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.

Cryptocurrency is revolutionizing the way we think about money and transactions. By leveraging blockchain technology and cryptography, it provides security and transparency, making it a groundbreaking medium of exchange. Exciting times ahead for finance!