I have asked ChatGPT: How do cryptocurrencies work?

Source photo silver and gold round coins photo — Free Coin Image on Unsplash

Cryptocurrencies are digital or virtual currencies that use cryptography for secure financial transactions. They operate on a decentralized network, meaning that they are not controlled by any central authority or government.

One of the main features of cryptocurrencies is that they use a technology called blockchain to record and verify transactions. A blockchain is a…