Crypto currency explained in simple terms.

Cryptocurrency is a digital or virtual currency that uses encryption techniques to secure and verify transactions and control the creation of new units. It operates independently of a central bank and can be used for online purchases, investment, or as a form of payment. Unlike traditional currency, which is backed by a government, cryptocurrency is based on complex mathematical algorithms and relies on a decentralized network of users to maintain its integrity. Some well-known examples of cryptocurrencies include Bitcoin, Ethereum, and Litecoin.