Whether you’re tracking Bitcoin’s skyrocketing value or diving into Ethereum’s smart contracts, understanding cryptocurrency is becoming a big deal.

What is Cryptocurrency?

Let’s break it down. Cryptocurrency is basically digital money. It’s used to secure transactions and manage the creation of new coins. But here’s the twist: unlike the cash issued by governments, cryptocurrency operates on a decentralized network powered by blockchain technology.

Picture blockchain as a huge digital notebook that everyone in the network can see. This makes transactions transparent and trustworthy.