Cryptocurrency is a type of digital or virtual currency that uses cryptography for security. It operates on a technology called blockchain, which is a decentralized ledger that records all transactions across a network of computers. Unlike traditional currencies issued by governments (fiat currencies), cryptocurrencies are typically not regulated by any central authority, making them immune to government interference or manipulation.
Cryptocurrencies can be used for various purposes, including online purchases, investment, and remittances, and can be transferred directly between users without the need for intermediaries like banks. Bitcoin, launched in 2009, is the first and most well-known cryptocurrency, but there are thousands of others, including Ethereum, Ripple, and Litecoin, each with its own unique features and functionalities. The value of cryptocurrencies can be highly volatile, influenced by various factors including market demand, technological developments, and regulatory news.
Overall, cryptocurrencies challenge traditional notions of money and finance, promoting a new paradigm of value exchange in the digital age.
Zora, an Ethereum-based NFT marketplace, plans to launch its own token, $ZORA, in Spring 2025, aimed at reshaping platform dynamics. Unlike traditional tokens, $ZORA is an "entertainment meme coin" that…