What is Cryptocurrency ?
Cryptocurrency is a digital or virtual form of currency secured by cryptography. Unlike traditional money issued by governments and banks, it operates on decentralized networks using blockchain technology. This peer-to-peer system allows individuals to send and receive payments directly without intermediaries.
How it works ?
Blockchain: Every transaction is recorded on a distributed, public ledger called a blockchain. Once information is added, it is permanent and nearly impossible to alter.
- Cryptography: Complex mathematical algorithms secure the network and verify the transfer of funds, making transactions secure and nearly impossible to counterfeit.
- Decentralization: No central authority (like a central bank) manages the network. Instead, it is maintained by a distributed network of computers
What Trump says about crypto
His administration appointed crypto-friendly regulators, reduced crypto regulation and dropped investigations into crypto firms and crypto crime
FEDERAL RESERVE BANK
The Federal Reserve System is the central banking system of the United States, established in 1913 to provide a safer, more flexible, and more stable monetary and financial system.
