What is cryptocurrency? Explained in simple words

Introduction Cryptocurrency is a digital currency that uses cryptographic techniques to create and process financial transactions. It uses a decentralized distributed ledger system known as blockchain to establish and validate transactions. Cryptocurrency provides users with anonymity and security when conducting transactions. Some popular cryptocurrencies include Bitcoin, Ethereum and Ripple. Main Cryptocurrencies are virtual assets operated by a network of decentralized computer nodes (nodes). Most of them are based on blockchain, a database of transactions in a chain of linked blocks. Cryptocurrencies are mainly used for payments between network users, payment of transfer fees, and storing capital. However, they can have