👉 Cryptocurrency is a type of digital asset that uses cryptography to secure and verify transactions. It is decentralized, meaning it does not have a central authority controlling it, and there are no central banks or governments involved. Cryptocurrencies can be used as payment methods for online transactions, as well as in various other applications such as trading, gaming, and investment. Cryptocurrency can also refer to the process of mining cryptocurrency blocks, which is an automated process that generates new blocks on a blockchain network. Mining