What is cryptocurrency in simple words?

what is cryptocurrency

Imagine cryptocurrency as digital money that exists only on the internet. It's like regular money, but purely online. What makes it special is that it's not controlled by any government or bank. Instead, it's based on a technology called blockchain, which is like a big, secure online ledger that keeps track of all transactions.

People can use cryptocurrencies to buy things or send money to others, just like using cash or credit cards. The most famous one is Bitcoin, but there are lots of others with different names.

In simple words, cryptocurrency is internet money that you can use to buy stuff online, and it's different because it's not physical – it's all digital!