Cryptocurrency is a digital or virtual currency that uses cryptography to secure its transactions and to control the creation of new units. Cryptocurrencies are decentralized, meaning they are not subject to government or financial institution control. Bitcoin, the first and most well-known cryptocurrency, was created in 2009.
Cryptocurrencies are often traded on decentralized exchanges and can also be used to purchase goods and services. Bitcoin, for example, can be used to purchase items on Overstock.com, Expedia, and other websites.
What Is Bitcoin?
Bitcoin is the first and most well-known cryptocurrency. Bitcoin is a digital or virtual currency that uses cryptography to secure its transactions and to control the creation of new units. Bitcoin is decentralized, meaning it is not subject to government or financial institution control.
Bitcoin can be used to purchase items on websites like Overstock.com, Expedia, and other websites. Bitcoin is also often traded on decentralized exchanges.
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