What is Cryptocurrency ? A Beginner's Guide The concept of cryptocurrency has changed the way we think about and use money. It is a decentralized, transparent, and secure digital or virtual currency that is based on blockchain technology. Cryptocurrencies, in contrast to conventional government-issued currencies, regulate their creation and transactions using cryptographic principles. The Workings of Cryptocurrency Cryptocurrencies operate on blockchain networks, which are decentralized ledgers that record every transaction across multiple computers. Due to the absence of intermediaries like banks, this decentralized nature speeds up, makes transactions safer, and saves money. Depending on the consensus mechanism of the cryptocurrency, a process known as mining or staking is used to verify each transaction. Ethereum, on the other hand, has switched to Proof of Stake (PoS), which relies on validators staking their coins to validate t...
Welcome to my technology talks. What drives me is the belief that technology is not just about tools and systems; it’s about empowering people, solving real-world problems, and shaping a better future. My goal is to simplify complex concepts, make tech accessible to everyone, and inspire curiosity and innovation.