List of Cryptocurrencies

Cryptocurrencies are type of digital currency or virtual currency that uses cryptography for security, making it difficult to counterfeit. Unlike traditional currencies issued by governments, cryptocurrencies operate on decentralized networks based on blockchain technology—a distributed ledger that records transactions across many computers. The most well-known cryptocurrency is Bitcoin, but there are thousands of others, such as Ethereum, Litecoin, Polkadot, Solana etc. Cryptocurrencies can be used for various purposes, including online purchases, investment, and peer-to-peer transactions. Their decentralized nature allows for more privacy and lower transaction fees but also comes with higher volatility and regulatory challenges.

Digital currency or Virtual currency:

Digital currency refers to any currency in a digital form, while virtual currency is a type of digital currency that operates in a specific online environment or platform.

Blockchain Technology:

Blockchain technology is a decentralized digital ledger that records transactions across multiple computers, ensuring security, transparency, and immutability, eliminating the need for intermediaries.

Peer-to-Peer Transactions:

Peer-to-peer transactions are direct exchanges between individuals without intermediaries, allowing them to transfer assets or funds instantly and securely over digital networks.