What Is Cryptocurrency | Elf Dolls

Cryptocurrency is a digital or virtual currency that uses cryptography for security and is decentralized, meaning it's not controlled by any government or financial institution. It uses a digital ledger or blockchain to store individual coin ownership records, securing transaction records, controlling the creation of additional coins, and verifying the transfer of coin ownership. Cryptocurrency is not considered a traditional currency and has varying legal treatments across different jurisdictions. PayPal and Visa have started to support cryptocurrency payments, while Goldman Sachs has launched a cryptocurrency trading desk.