Cryptocurrency is a digital currency.

Cryptocurrency is a digital currency that, unlike traditional currencies, is traded in an encrypted manner. This encryption was developed to ensure that cryptocurrencies, designed as a medium of exchange that can replace cash, are secure and verifiable. You can transfer value over the internet with crypto currencies, whenever you want, wherever you want, to anyone you want. Cryptocurrencies are digital assets that are not regulated by a central authority. So no one prints or controls it. It operates on a free and open network between computers. This network uses a technology called blockchain, which is a publicly visible database that keeps track of cryptocurrencies. Blockchain ensures that cryptocurrencies are protected against counterfeiting. To own cryptocurrencies, it is enough to join this network and create a crypto wallet.

Cryptocurrency production occurs through a process called mining. Mining is a function that ensures the operation of the cryptocurrency network and creates new cryptocurrencies. Miners solve complex mathematical problems using networked computers and save them in a distributed database called blockchain. Distributed system is where multiple computers or servers communicate with each other and work with each other by creating a network whole.



You can think of the blockchain as a publicly visible ledger where cryptocurrency transactions are kept. Miners ensure the security of the network by creating new blocks on this chain and thus earn new cryptocurrencies.