# Introduction to Crypto

**What is Cryptocurrency \~**\
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Cryptocurrency is a decentralized digital currency that is built to operate as a medium for exchange through a computer network that does not rely on any central authority, such as a government or bank, to operate or maintain it.\
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another simple definition will be...:point\_down:\
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Cryptocurrency is a digital or virtual payment system that is protected by encryption, making counterfeiting and double-spending practically impossible. It’s a peer-to-peer system that can enable anyone anywhere to send and receive payments.\
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Cryptocurrency received its name because it uses **encryption** to verify transactions. This means advanced coding is involved in storing and transmitting cryptocurrency data between wallets and to public ledgers. The aim of encryption is to provide security and safety.

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