Cryptocurrency has been around for a while, but what is it?
It is a digital currency that can be used to purchase goods and services, but it is protected by an online ledger and sophisticated cryptography. To put it another way, cryptocurrency is a type of payment that can be used to buy and sell goods and services online. Many businesses have created their currencies, known as tokens, that can be exchanged for the goods or services that the business offers. Consider them to be arcade tokens or casino chips. To use the good or service, you’ll need to convert actual money into cryptocurrency.
Blockchain is the technology that enables cryptocurrency to function. Blockchain is a decentralised technology that handles and records transactions across numerous computers. The security of this technology is part of its attractiveness.